I’m not here to teach you how to be a great investor. On the contrary, I’m here to tell you why very few of you can ever hope to achieve this status. It doesn’t matter how intelligent you are, how many books you’ve read or how good you are with numbers. The truth is that you may never be as good as you think.
This was a speech given by Mark Sellers of Sellers Capital to Harvard MBA student’s in 2007. It is a speech that helps to expose weaknesses and build on your strengths. You can read all the Berkshire letters you want, but when it comes to crunch time, the majority of people end up buying high and selling low. “You make your money during bear markets; you just don’t know it at the time.” – Shelby Cullom Davis
Source: Old School Value
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