3min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH017: Fidelity Legend Joel Tillinghast

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Pain Loneliness and Worry That Go With Superior Returns

I wanted to ask you a little bit about the emotional aspect of investing. How do you enjoy the pain loneliness and worry that go with superior returns? For value investors their markets are not as punishing why is that it's because if you really thought that the intrinsic value of a stock was $50 and it's dropped from $40 to $20 it's like wow this is so compelling if the stock will work.

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