
Enduring value guardian
Buffett's junior apprenticeTo invest, one must be fast, accurate, and ruthless.
Being fast and accurate is relatively easy.
But being ruthless is the key.
Small positions allow for trial and error.
Taking a large position requires sufficient understanding and trust in the company.
This is knowledge.
How many people bought at the best price,
but didn't make any money,
because they lacked the courage to make a heavy bet on a stock they were bullish on,
and ended up wasting the opportunity for nothing.
This is a lack of knowledge,
and thus becomes money beyond one's knowledge.
My skills are not up to par,
I still have to practice.
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