Category: Anecdotes

Source: Microcap Club

The other thing he taught me was “skin in the game.”

He had no interest in hearing about stocks I thought were interesting. He only cared about stocks I owned. He only cared about what I was doing, not what I was saying.

I still remember it like it was yesterday, but one of the first stocks I pitched him. He asked me, “Do you own it?”, and I said, “No”.

He put in finger in my chest and looked me dead in the eyes and said, “This world is full of analysts and not enough investors. Put your money where your mouth is or shut your mouth.”

Source: Wall Street Journal

Hat Tip : GD