By
Borsgade
In a recent interview, Joel Greenblatt emphasized that becoming a successful investor requires hands-on experience and, inevitably, losing money along the way.
Joel acknowledged that while investors sometimes profit unexpectedly due to luck, the most valuable lessons come from analyzing mistakes and navigating unpredictable events, such as the COVID-19 pandemic. He stressed the importance of investing with an amount that is meaningful to oneself and carefully examining losses to facilitate growth as an investor.
Reflecting on his own career, Joel humorously remarked that he and his partner, Rob, would have been fired multiple times for their mistakes if they had been employed elsewhere. His key takeaway is that investors must learn from their missteps, adapt their strategies, and continually progress in their investing journey.
[I]f we worked for someone else, we would have been fired at least three or four times. We made such enormous mistakes. So, you know, hang in there, learn from your mistakes, and move on.
Share the news
The above has been prepared by Børsgade ApS for information purposes and cannot be regarded as a solicitation or recommendation to buy or sell any security. Nor can the information etc. be regarded as recommendations or advice of a legal, accounting or tax nature. Børsgade cannot be held liable for losses caused by customers’/users’ actions – or lack thereof – based on the information in the above. We have made every effort to ensure that the information in the above is complete and accurate, but cannot guarantee this and accept no liability for errors or omissions.
Readers are advised that investing may involve a risk of loss that cannot be determined in advance, and that past performance and price development cannot be used as a reliable indicator of future performance and price development. For further information please contact info@borsgade.dk
Francois Rochon, CIO of Giverny Capital, recently shared his approach to navigating market crashes on the Meb Faber Podcast. His perspective emphasizes acceptance, preparation, and strategic action rather than panic or futile attempts at market timing.
In his latest memo “Nobody Knows (Yet Again)”, Howard Marks addresses the profound uncertainty facing investors and policymakers amid recent upheavals in global trade and economic policy. Drawing on parallels to the 2008 financial crisis and the Covid-19 pandemic, Howard emphasizes the limits of forecasting in unprecedented situations and the importance of rational, flexible decision-making despite the absence of clear answers.
In this recent interview, François Rochon, founder of Giverny Capital, shares his insights on optimal portfolio strategy. François emphasizes a balanced and disciplined investment philosophy that prioritizes quality over excessive diversification.
In his recent article, NYU professor Aswath Damodaran shares his thoughts on how politics, globalization, and disruption has changed the investing landscape.
