We Study Billionaires - The Investor’s Podcast Network TIP668: What I learned About Investing w/ Stig Brodersen
30 snips
Oct 13, 2024 Stig Brodersen shares ten pivotal lessons learned from a decade of investing. He stresses the importance of careful listening, the risks of stock screening, and the necessity of self-imposed rules. Discussion of diversification and position sizing offers insights into effective portfolio management. The balance between luck and skill in investing is explored, as well as the value of patience and community support for personal growth. Reflecting on his journey, Stig emphasizes adapting strategies to navigate market complexities.
AI Snips
Chapters
Transcript
Episode notes
Careful Advice
- Be careful who you listen to for investment advice.
- Focus on your own goals and find investors with similar strategies and proven track records.
Skip Stock Screeners
- Avoid screening for stocks, as it can lead to investments in low-quality businesses.
- Instead, look at portfolios of successful investors with solid track records and processes.
Shrinking Circle of Competence
- Stig Brodersen's circle of competence is narrowing, focusing on areas where he has spent thousands of hours.
- He realized deep industry knowledge, not general business acumen, drives his success.