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Interesting that the review is by Roger Lowenstein: https://en.m.wikipedia.org/wiki/Roger_Lowenstein https://en.m.wikipedia.org/wiki/Roger_Lowenstein I just f
by melling 8y ago
Interesting that the review is by Roger Lowenstein:
https://en.m.wikipedia.org/wiki/Roger_Lowenstein https://en.m.wikipedia.org/wiki/Roger_Lowenstein
I just finished his book on Buffett, which I wish I’d read 20 years ago.
- pavel_lishin 8y agoWhy do you wish you'd read it 20 years ago?
- garmaine 8y agoProbably so that he’d have enjoyed the gains of investing in Berkshire Hathaway?
- melling 8y agoBecause I was investing in the Internet Bubble. “Be fearful when others are greedy, and greedy when others are fearful “ You are buying a company. Would you want to own that company if the market shut down for 5 years? Don’t use leverage. I owned Amazon, Google, Apple, etc at some point during my life. I was forced to sell on margin calls during the tech crash. I would have thought about investing a lot more differently. Buffett doesn’t sell his gems during a recession. He doesn’t try to time Mr Market. I was mostly in cash for the collapse of housing. My 2009 portfolio was worth simply holding until now and I would have been much better off than trading in and out of stocks. I would also have paid attention to fundamentals: Income Statement, Balance sheet, Cash Flow Statement In short, I would have been more of an investor. Listen to Buffett.
- hartator 8y agoWhat was your main takeaway?
- yesforwhat 8y agoalso curious
- tptacek 8y agoAlso the author of _When Genius Failed_, about the LTCM crash, which is a great book.