- Are you a speculator or an investor? Speculators usually don’t survive more than one economic cycle while investors reach decent returns.
- It’s of extreme importance to distinguish whether an asset is an investment or a speculation.
- We’ll list 11 characteristics of successful investors, and 13 characteristics of unsuccessful investors.
Last week, we discussed Seth Klarman’s performance and approach to investing.
Today, we’re going to dig into his book Margin of Safety – Risk-Averse Value Investing Strategies for the Thoughtful Investor. As it’s a very rare and expensive book full of extremely valuable insights, I believe our readers will find huge value in this series of articles. More →