Thinkable Thoughts #1:
Something I thought about:
Smart investing really boils down to buying something today that many more people would want to buy at the end of your investing horizon.
As retail investors we don’t think about investing as something where there has to be a buyer when we sell and a seller when we buy, because the liquidity on most counters is extremely strong, however if you think of it in terms of a buying and selling exercise, it can give much more clarity on how you can make your processes better.
“The real money isn’t made in buying what other people like. It’s about buying what
others underestimate. Buying that kind of thing can be a lonely business”
Howard Marks
“Proper allocation of capital is an investor’s number one job.”
Charlie Munger
“Picking a winner is only half the battle won, real wealth gets generated when one allocates significant capital to the winning idea”
Charlie Munger
“If all you succeed in doing in life is getting rich by buying little pieces of paper, it’s a failed life. Life is more than being shrewd in wealth accumulation.”
Charlie Munger
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