4min chapter

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

TIP546: The Holy Grail of Long-Term Value Investing

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Importance of Diversification in Life

The key to long-term survival is planning your life to prepare for the odds of bad luck. Quality businesses always recover because they're well-run and don't put themselves in precarious situations. Black Swans are essentially a major tail risk that really can't be foreseen by anyone yet. They can really happen at any moment. Nobody foresaw a global pandemic going into 2020.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode