Sunday, January 4, 2015

The combination of being both conservative and aggressive...

Quote from Mohnish Pabrai in his ValueConferences session on investment checklists last year:
"...you have to understand that a great investor is not going to just be someone who’s super careful and super conservative. You have to have a conservative bent with an aggressive bent. Those two attributes, many times, are diametrically opposed to each other, but you need them in the same person."
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Related previous post: Charlie Munger on the balance between competency and gumption...