Navigating Business Models and Monopolies

To novices and outsiders, the practice of investing can appear intimidating and overwhelming.  However, despite the seemingly high barriers to entry and understanding market dynamics, an investor’s IQ matters less than their ability to be disciplined, patient, and emotionally detached from their investments.

In fact, this applies even more to newcomers than it does to seasoned investors, as working with more capital can make it difficult to find impactful investments compared to a modest portfolio.  As you grow in your investing practice, those added complications can be countered by an expanded circle of competence and deeper market knowledge.

This week, Phil and Danielle discuss how an investor’s mental state and learned habits can aid their investing journey more than their sheer brain power.  They also dig into the ongoing antitrust trial over Google’s practices and what the outcome could mean for the tech world.

For more insights on the fundamentals practiced by Buffett and other investing greats, make sure to get your free copy of these 6 Market Crusing Investing Principles :  https://bit.ly/45szJ2v

Topics Discussed:

• Jim Simons/Renaissance Technologies
• Amazon founding
• Buffett’s change of heart re: Apple
• Reliance on China
• IQ vs hard work
• Circle of competence
• Google antitrust cas
• Lina Khan
• Differentiating between short- and long-term problems
• Fiat/Ferrari

Resources Discussed:

• Mohnish Pabrai on Ferrari
• Gemini (Google AI)

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