Don't try to win fast and you win!
"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent. There must be some
wisdom in the folk saying: 'It's the strong swimmers who drown.'"
- Charlie Munger
This is true not only on the investment side. When i used to play tennis (before broking my leg climbing Mont Blanc) usually i didn't try to win the point and just throw the ball back. Many times the other guy just put the ball out by himself! I was able to win against much better players just staying in the game!
In my job (I help people make money with money) we have 2 investment funds that have a simple rule/philosophy and are 2 of the best in Europe. How can this be possible? We don't go for home runs.
In my job (I help people make money with money) we have 2 investment funds that have a simple rule/philosophy and are 2 of the best in Europe. How can this be possible? We don't go for home runs.
Don't try to win fast and you win!
Share story
0 comentários: