"Top Investing Old Foxes" Steve Jobs said: "Stay hungry." Warren Buffett & John Wayne: "Keep a calm mind." These two are contradictory. That is, entrepreneurs should stay hungry and have high desires, while investors should stay calm and transcend FOMO and FOD. An investor who says "I want to stay hungry" is strange. He'll act rashly and get burned. An entrepreneur who says "I have a calm mind, I don't compete or fight" is also strange. He lacks wolf-like drive and execution. I think Buffett & Wayne ultimately have a higher level of understanding. Because Jobs died too young, his lifespan was far shorter than the average person's. His approach was too self-destructive. Those top investing old foxes, to avoid self-destruction, even limit their serious investments to no more than 20 in their entire lives. Peter Lynch invested too much and his hair turned white from exhaustion. In their eyes, these are all negative examples, all second-rate and not worthwhile strategies.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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