No brain-food articles this weekend but some quotes to chew on...
"As last year’s Berkshire Hathaway shareholder meeting, Warren Buffett said he has owned 400 to 500 stocks during his career, and made most of his money on 10 of them. This is common: a large portion of investing success often comes from a tiny proportion of investments."
If we flipped enough stones, we might eventually learn to identify the 'touch gem'.
If we hold long enough to the 'touch gems', they may eventually become our investing success! (That's when we say it follows Pareto's principle.) If only the touch gem will glow like this
--------------Try to learn as many investing mistakes as possible vicariously through others. Other people have made every mistake in the book. You can learn more from studying the investing failures than the investing greats. Success is a lousy teacher,” Bill Gates once said. “It seduces smart people...