How to Actually Win at Investing
Success isn’t about predicting the future; it’s about owning great businesses at fair prices and sitting on your hands.
The Golden Rule: Know What You Own
The biggest reason people lose money is simple: they buy a ticker symbol, not a business. If you cannot explain how a company makes money, you have no business owning it.
Understand the “Why”: Does the company sell a product people need (like toothpaste) or just want right now (like a trendy gadget)?
The 5-Year Test: If y…
