Great lectures and I would recommend any stock enthusiast to view them. What's better than great education for free?
Christopher Browne, one of my favorite investment guru who wrote the "Little Book of Value Investing," has two lecture videos in this series.
The follow are some of his speech that I tried to rephrase:
- At the end of the day, management totally counts and it's really the intangible thing that is hard to figure out
- You just have to do the hard work trying to figure out what is the business plan
- Exit business when you believe they are close or above what your research tells you. But if it's an exceptional business, it is worth hanging on as you would as a private business.
- You should view your investment as buying a share of the business, whatever the stock market does should have no influence on your decision
- Buying stock has a lot of similarity to buying a piece of real estate
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