Patience is usually considered to be a virtue except when it comes to investing. Investors are notoriously impatient when the funds they are in underperform the market for a few years. The magic number seems to be three. Key investment lessons from the financial crisis with Ariel Investments’ Charlie Bobrinskoy.
Read or reread Buffett: The Making of an American Capitalist fascinating & detailed portrait experiences that shaped him obsession with making money evolution of investment approach from Benjamin Graham classes Watch the related WEALTHTRACK episode.
GRANDFATHER’S GIFT Many top investors get bitten by the investing bug as children, frequently introduced by a parent. In Charlie Brobinskoy’s case, it was a gift from his grandfather, a Russian count who had to flee the communists after the Russian revolution. Watch the related WEALTHTRACK episode.