Buy And Verify
The Coffee Can Portfolio approach to investing might work for large companies, but it's the surest way to go broke in small microcap companies.
MicroCapClub articles tagged Education, including microcap investing research, education, and member insights.
The Coffee Can Portfolio approach to investing might work for large companies, but it's the surest way to go broke in small microcap companies.
Terry Smith, founder and CIO of Fundsmith, gave a phenomenal presentation in 2019. One of my favorite parts is when he compares successful investing to the Tour De France.
As human beings we all experience emotions. However, acting in the way that those emotions dictate can be one of the worst things an investor can do as it usually hurts returns and sometimes it hurts them significantly.
We’ve all seen or heard the Ted Williams hitting grid analogy used to describe successful investing. Warren Buffett and
Morgan Housel wrote an excellent article entitled Ironies of Luck which contains a great quote that states: “Luck is the flip side of risk.”
If your strategy or thought process hasn’t changed in 10 years you aren’t learning. You need to constantly evolve to stay in the game.