After all these years in the financial markets, my observation is:
1. Don’t just look at what he says—look at what he does.
2. Value investing has a lot to do with your principal. When you have 1,000, what you think about is how to make it 10x. When you have 10 million, you think about how to get 20% risk-free each year. There is no right or wrong between the two.
3. What successful people say is correct—but it’s not meant for the people of the present; it’s meant for people who are also on the same path to success.
1. Don’t just look at what he says—look at what he does.
2. Value investing has a lot to do with your principal. When you have 1,000, what you think about is how to make it 10x. When you have 10 million, you think about how to get 20% risk-free each year. There is no right or wrong between the two.
3. What successful people say is correct—but it’s not meant for the people of the present; it’s meant for people who are also on the same path to success.