1. Avoid Absolutes: Tailor Your Portfolio

Reject the idea that you must choose between dividend or growth stocks. Instead, align your portfolio with your goals—whether it’s income, growth, or both.  

For example, selling covered calls on Coca-Cola can generate steady income, while holding Shopify fuels long-term growth. You can profit by buying undervalued assets (like Buffett’s 1960s American Express play), holding growing businesses (e.g., Amazon), or investing in liquidating firms for payouts above cost (not ideal).  

Takeaway: Design your portfolio based on your objectives, not rigid categories.

2. Cash Flow: Avoid the