When Warren Buffett lectures at business schools, he says, “I could improve your ultimate financial welfare by giving you a ticket with only twenty slots in it so that you had twenty punches – representing all the investments that you get to make in a lifetime. And once you’d punched through the card, you couldn’t make any more investments at all. Under those rules, you’d really think carefully about what you did, and you’d be forced to load up on what you’d really thought about. So you’d do much better.” | Poor Charlie’s Almanack
I love this advice. I wish I’d heard it earlier. But I sure am glad I’m hearing about it now.
Fewer things with more conviction is great advice for investing…/ and life.
