AI Snips
Chapters
Transcript
Episode notes
Avoid Skimming Fees
- Avoid skimming fees from client capital; it misaligns incentives and compounds against investors.
- Prove your skill by compounding your own money first so you don't need to rely on top‑fees.
Ditch Investment Teams
- Avoid large investment teams because investing is an individual pursuit with differing circles of competence.
- Keep research and decision‑making personal to preserve accountability and clarity.
Accept A High Error Rate
- Expect to be wrong about roughly one third of your investments because forecasting business futures is inexact.
- Accepting this humility keeps position sizing sensible and reduces destructive overconfidence.