457- Stop the Insanity
In the practice of value investing, just like with so many other things in life, knowing when to wait patiently or when to jump ship is critical to the long-term success of your portfolio.\n\nBeing able to stomach market fluctuations isn\u2019t something that everyone is capable of, but the mindset of buying into a business with long-term goals of generating cash flow means buying with the confidence that you\u2019ll be able to weather the storms that may, and often do, come your way.\n\nAs the series on the Weather Matrix continues, Phil and Danielle discuss the importance of being in the \u201chigh understanding\u201d quadrant of this tool as you consider potential investments and how that position makes it easier for you to decide what to buy and what to reject.\n\nFor a leg up on practices for generating consistent returns, click here for your free copy of How to Pick Stocks: The 5-Step Checklist:\xa0https://bit.ly/3ros8mU\n\nTopics Discussed:\n\nThe power of compounding\n\nVanderbilts vs Rockefellers\n\nOwner earnings\n\nInvestments vs speculation\n\nInverting\n\nDurable competitive advantage\n\nPitch decks\n\n\nResources Discussed:\nDavid Einhorn\u2019s pitch decks\n\nLearn more about your ad choices. Visit megaphone.fm/adchoices