“The trick in investing is just to sit there and watch pitch after pitch go by and wait for the one right in your sweet spot.”
Warren Buffett
[My views are my own]
I’m no longer on Wall Street. I largely ignore the stock market machine’s daily noise. It’s dramatically improved my results.
My approach:
- Ride the Big Waves. Ignore the Squiggles. Aggressively deploy capital during recessions. Then sit tight. This is how the BIG money is made.
- Cycles of Panic. Like clockwork, every ~18 month, investors lose their minds with fear and panic. I ONLY invest when the VIX is over 30.
- Nuclear Winter is Your Best Friend. I love to buy companies, industries and assets that are emerging from the nuclear winter.
- Reading is my Edge. While I ignore the daily sound and fury of the stock market, I’m always learning. I average at least 100 pages per day.
- Insider Investing is the Best. I work for (and get stock grants from) companies that I’d want to own.
If you are interested in engaging further in this conversation, I’d love to go on the journey with you. Please subscribe to my free newsletter/blog. Also, please follow me on Twitter, connect with me on LinkedIn, and post a comment below. I’d love to know what you think.
Greetings! Very useful advice in this particular article! It is the little changes that produce the greatest changes. Thanks a lot for sharing!