More on the pain meme

Just because I posted about this recently, According to Jason Zweig, the Pritzker brothers were asked what one question to ask before investing in a business. Answer: “What pain are you trying to heal and how much does it hurt?”

Also good discussion on sunk costs, giving up vs. quitting. (ok to start from scratch if something’s not working)

Also, in investing, don’t think about what can you do that other people can’t, but what can you do that other people are not willing to do? (e.g. be patient. Time arbitrage, which is easier if you’re small)

http://investorfieldguide.com/writers/

(Invest Like the Best podcast ep. 50)

 

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