Motley Fool Money The Triumph of Adding to Your Winners
Aug 23, 2022
Matt Argersinger, Senior Analyst at Motley Fool, shares his investing journey, revealing how his first stock purchase ended with a painful loss. He discusses the dramatic collapse of Wang Laboratories and his quest for the next Warren Buffett. Argersinger highlights valuable lessons learned from iconic companies like Amazon and Home Depot, showcasing their disciplined approach. The conversation dives into his strategy of adding to winning investments, emphasizing the importance of recognizing and supporting high performers in your portfolio.
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First Investment Bankruptcy
- Matt Argersinger's first stock purchase, Wang Laboratories, went bankrupt after the founder's death.
- This early experience shaped his perspective, but didn't deter him from investing.
Biglari Holdings Disappointment
- Matt invested in Biglari Holdings, drawn by the CEO's perceived similarity to Warren Buffett.
- Despite seeing mismanagement, he continued investing due to the mystique, making it his worst investment.
Boston Beer Affinity
- Boston Beer was a meaningful investment for Matt due to his personal affinity for the brand.
- He even gifted a share to his brother, who later sold it, highlighting an interesting turn of events.