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TIP649: Owning Stocks for the Long Run w/ Pierre-Olivier Langevin
We Study Billionaires - The Investor’s Podcast Network
Invest Wisely: Focus on Fundamentals
Effective investment strategy hinges on analyzing a limited number of stocks, typically 15 to 20, selected based on fundamental value rather than speculative trends. Investors should concentrate on diverse sectors while avoiding high-risk areas such as biotech, cyclical resources, or the latest market fads, like cryptocurrencies and cannabis. Key criteria for selection include a strong and sustained return on capital even during economic downturns, a durable competitive advantage, and competent management capable of long-term reinvestment. Meeting these criteria is essential for achieving attractive returns.
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