MicroCapClub

Club Conversation with David Gardner, the Rule Breaker

12 snips
Jan 19, 2026
David Gardner, co-founder of The Motley Fool and author known for his Rule Breaker Investing approach, delves into his entrepreneurial roots and the birth of The Motley Fool. He shares valuable insights on emotional resilience in investing, the importance of trust in business, and lessons learned from both triumphs and failures. Gardner highlights the dangers of selling winning stocks too early and explains why he prefers buying individual stocks. He encourages listeners to embrace a mindset of humility and curiosity while navigating investments.
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ANECDOTE

Chocolate Pudding Lesson On Ownership

  • David Gardner recalls his father buying chocolate pudding to teach ownership via stocks.
  • His father funded his portfolio from birth and handed it over at 18 to instill long-term investing habits.
ADVICE

Buy Best Companies, Not The Whole Market

  • Avoid index-everything thinking and buy the best companies you can find directly.
  • Prefer concentrated ownership of excellent firms rather than broad exposure to mediocre companies.
ANECDOTE

AOL Launch And 2001 Pivot

  • The Motley Fool launched on AOL in 1994 and rode its rapid rise before going independent.
  • In 2001 advertising collapse forced a painful pivot back to paid subscriptions to survive.
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