The art of being a lucky investor

finance
Created 11/15/2024
Updated 11/15/2024

Simon Edelsten compares playing bridge (card game) to investing, showing how both involve spotting patterns, setting smart goals, and adapting to change. In investing, he advises against taking big risks for unrealistic returns or overpaying for popular stocks like the "Magnificent Seven" (tech giants dominating markets). Instead, focus on buying strong companies at fair prices. He notes that geopolitical risks and expensive stocks are concerns, but they also give skilled managers a chance to pick undervalued investments. Like Warren Buffett, Edelsten values patience, practice, and learning—finding that even hobbies like bridge can sharpen investing skills.

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