TIP550: Masterclass w/ Mohnish Pabrai
We Study Billionaires - The Investor’s Podcast Network
00:00
The Circle the Wagons Concept: Investing and Defensive Posture
In investing, it's crucial to buy key stocks and resist the urge to sell them. This concept, known as 'circling the wagons,' originated from the defensive posture settlers took while moving west in the 19th century. They protected their valuables by forming a defensive circle. Similarly, successful investments like Walmart, CsCandy, American Express, Coke, Berkshire, and NASPERS with 10 cent require a long-term approach without interference. Recognizing that mistakes will happen, investing is a forgiving business.
Transcript
Play full episode
