“ Prepare for the tough part of this exercise. Remember Charlie Munger reminded us of the brilliance and difficulty of his demand “Just hold the GD stock”. Much more difficult than you think. Few can do it.”

Glad you stayed disciplined LTB and navigated the tech bubble quite well. OTOH, as a young investor who was finally making reasonable coin, I could not resist the sirens and felt the Envy, watching others make easy money. So I switched up from sensible Fidelity funds like Fidelity Contrafund and plowed half my assets into their Biotech & Tech funds which subsequently crashed. Looking back, it was a real blessing to happen in early adulthood and motivated me to dive in to understand the process of real valuation and real investing before being enlightened by Warren & Charlie.

Had I known of investing boards back then, who knows, it may have saved me from my own worst enemy, myself. Lesson learned though!

Thank you Manlobbi for gifting this community and site for all to use and tap into all of its wisdom. It has saved young, and seasoned investors alike, a lot of hard earned money and made us all wiser.

Berkshire Hathaway FAQ

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