8min chapter

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

TIP201: Big Mistakes That Great Investors Make w/ Michael Batnick (Business Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Challenges and Mistakes in Investing

The chapter explores the struggles faced by successful investors, emphasizing the difficulty of investing, the importance of being flexible in changing one's mind, and the value of admitting mistakes. It discusses the story of Bill Ackman and Herbal Life, highlighting the consequences of discussing investments publicly. The chapter also delves into learning from past errors, having an exit strategy, and the dynamic between investors like Bill Ackman and Carl Icahn.

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