In Investing, you can’t know everything. But once you understand the most important basics like a target company’s financials, moat (business’ ability to maintain competitive advantages over its competitors), product-market fit, management, risks than you have enough information to make an investing decision.
“An investment in knowledge pays the best interest.” – Benjamin Franklin
Lets dissect this:
- Invest in the best high-growth businesses
- Pay up for a compounding machine
Quality > valuation investing
Invest when management is top notch v. Hold onto winners - Be ruthless in cutting losers
- Be wrong; but don’t stay wrong
Maverick 