The Lousy Investor Episode 17: Warren Buffett’s “20-Slot” Rule
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Today we are blessed with another gem from the man, the myth, the legend. Mr. Warren Buffett! In short Warren lays out a simple and elegant format for thinking about our investing life.
The idea is simply to think about having a card with 20 slots, and every time we purchase an investment, we are using up a slot. We are essentially only able to buy 20 investments in our entire life. With this mindset, it will force us to think long and hard before pulling the trigger and to make sure that we fully understand the investments that we are making. It will also force us to be long term investors. Good stuff from a great friend of the channel. Thanks Warren!
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