During their recent episode, Taylor, Carlisle, and Bogumil Baranowski discussed Why Having No Price Target Can Make You a Better Investor. Here’s an excerpt from the episode: Bogumil: It has to be pushed out by a better idea. I used to be much more sensitive on the valuation side, and … 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