I'm reading Mastering the Market Cycle by Howard Marks of Oaktree right now and pyschology class and investor psychology and taking advantage of skewed valuations definitly can provide attractive long term equity entry points for the everyday investor. (even if you're not active in the private credit market like him and distressed debt).Perhaps often discounted by some market participants.
Excellent. You are correct. If you are paying attention to the price vs. value of the security and you are patient, we can definitely tilt the odds in our favor!
I really liked your tip of "routinely using all of the easy-to-learn concepts from the freshman courses in every basic subject." I think it can become easy to just assume the content in those classes are pointless and will not be useful later in life. But, in actuality we all use those concepts in countless situations in our life without even thinking about it.
I'm reading Mastering the Market Cycle by Howard Marks of Oaktree right now and pyschology class and investor psychology and taking advantage of skewed valuations definitly can provide attractive long term equity entry points for the everyday investor. (even if you're not active in the private credit market like him and distressed debt).Perhaps often discounted by some market participants.
Excellent. You are correct. If you are paying attention to the price vs. value of the security and you are patient, we can definitely tilt the odds in our favor!
I really liked your tip of "routinely using all of the easy-to-learn concepts from the freshman courses in every basic subject." I think it can become easy to just assume the content in those classes are pointless and will not be useful later in life. But, in actuality we all use those concepts in countless situations in our life without even thinking about it.
Charlie Munger would strongly agree with you, as would his bank account π°π°! Learn it all, Use it all!