4 ms·
I personally really like Martin Shkreli's advice on investing which is the same as Buffett and Graham's investing principles: 0. Don't try to make your money i
by softcactus 4y ago
I personally really like Martin Shkreli's advice on investing which is the same as Buffett and Graham's investing principles:
0. Don't try to make your money investing, learn a skill and develop it to get paid.
1. Find an undervalued company. Calculate the value of a company using DCF and be conservative. Try to buy at a high discount rate-- a dollar for $0.50
2. Just dollar cost average into your value picks and index funds. Don't try to time the market ever. All of your holdings should have a large enough time horizon that a 3-year bear market is a blip on your radar.
I think anything regarding an understanding of macro econ is going to be speculative, i.e. not actually based on the intrinsic value of a security, but trying to chase inflows and outflows of capital, which is the opposite of investing.
I am a baby in the world of money but the two books that I thought were amazing at de-mistifying investing were the Intelligent Investor and the Little Book of Valuation. Also Martin Shkreli's series of livestream videos on valuation are very entertaining and free on Youtube.