210- Mistakes of Omission

Published: April 23, 2019, 10:22 p.m.

b"\\u201cThe practice of investing implies joy in the process of learning something that's difficult.\\u201d - Phil Town\\nFor show notes and more information visit investedpodcast.com. This week Phil and Danielle talk about what Charlie Munger calls, \\u201cMistakes of Omission.\\u201d You can get pretty good at investing pretty quickly because there are only a few rules that you need to follow.\\nOne of the hardest things about investing the agony of missing out on something because you\\u2019re not confident or clear, or you don\\u2019t have the patience to wait something out. If you\\u2019re investing correctly, you should have mistakes of omission, not mistakes of commission. When it comes to investing, you need to be brutally honest with yourself to understand your mistakes and move on.\\xa0\\n\\xa0\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"