In the 2023 Berkshire Hathaway Annual Meeting, Warren Buffett argues that opportunities in investing remain abundant, driven by others making poor decisions. He reflects on how the world has changed since 1942, noting that new technologies don’t eliminate opportunities. Over the 58 years of running Berkshire Hathaway, he has observed … Read More
Phil Fisher: The Danger of “Breaking Even” Mindset
In his book – Common Stocks and Uncommon Profits and Other Writings, Phil Fisher discusses the psychological challenge of handling investment mistakes, emphasizing the role of ego. Investors often struggle to admit mistakes, preferring to hold onto losing stocks until they “break even” rather than accepting a small loss. This … Read More