I recently read the book- The Education of a Value Investor by Guy Spier. This book is about Guy Spier’s journey from that dark place toward the Nirvana where he now lives. This blog post includes my top learnings from the book. 8 Rules developed by Guy Spier to be followed while investing: 2. 1. Stop Checking the Stock Price o As Buffett has said, when we invest in a business, we should be willing to own it even if the stock market were to close the next day and not reopen for five years. o We also know from behavioral finance research by Daniel Kahneman and Amos Tversky that investors feel the pain of loss twice as acutely as the pleasure of gain. o The Rule: Check stock prices as infrequently as possible. 3. 2. If Someone Tries to Sell You Something, Don’t Buy It o As Charlie Munger has joked, “All I want to know is where I...
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