In the last post, we talked about people and management in companies. Today we shall delve into personal networking and how it can help us become better investors. Investing is too difficult to be done alone. While there are probably some super smart, genius investors who require no mental sparring partner to come to the best conclusions about stocks and investing, most of us do.
Warren Buffett has Charlie Munger and George Soros had Stan Drunkenmiller. Most of the best investment outfit in the world are made up of small teams and the decision makers constantly challenging one another’s assumptions. That is the best way to come up with the best answers. There might be heated arguments but there are no hard feelings because everyone has a bigger goal – to earn money or don’t lose money. The investing team is the all important network to achieve success.
For the team to