Tren Griffin
0231170998
Notes
Most are “No”, some are “Too Hard”, few are “Yes”.
Be selective; bet big.
Read more than everyone else.
Know your limits of competency.
Don’t make decisions under stress.
Learning about a business, talk to customers, suppliers and employees. Ask “if you could buy stock in a company other than yours, what would it be and why?
Fold early when the odds are against you. Invest heavily when you have an edge.
Buy barriers to entry (moats): building them is tough.
Betting on quality businesses is better than betting on quality management.
Only invest if earnings are certain in the future.
This book was not very good.