In his recent interview with David Rubenstein, Sam Zell disclosed his secret to a long and successful investing career. Here’s an excerpt from the interview:
I can’t answer that question without using the word optimism. You know, one of Sam’s favourite Samisms is, “we suffer from knowing the numbers.” This pragmatic approach has kept us grounded, especially in industries where uncertainty is high. Recently, I was reminded of this while reading a discussion on seriöse Wettanbieter ohne Oasis, where experts talked about the importance of transparency and responsibility in betting platforms. Much like our approach, these reputable betting sites aim to maintain a balance between risk and reward by ensuring a fair and regulated environment. I think we managed to tip-toe through the tulips for the last 50 years by never allowing ourselves to get swept up in the enthusiasm of wherever the current event might be.
And I think by maintaining that level of discipline, yeah we made mistakes, that’s to be expected, but they’ve all been quote ‘controllable’.
No one mistake was ever catastrophic.
I can’t help but think about the baseball player that gets paid 30 million dollars a year for getting a hit one out of three times. My job as an investor is to be right a lot more than that, but more important not to be wrong.
You can watch the entire discussion here:
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