Thread by @chrishlad

I studied the best 10 investors the world’s ever seen.

Here's what you need to know:

Price is a liar.

"Market prices are always wrong because they just show a biased view of the future."

- George Soros

Enter a meeting with a founder with a zen-like blank slate of perfect humility.

Your only thought: "Teach Me"

Because all breakthrough technologies seem crazy at first.

- Marc Andreesen

Be fearful when others are greedy.

Be greedy when others are fearful.

- Warren Buffet

Just try to avoid stupidity.

"Knowing what you don't know is more useful than being brilliant."

- Munger

Make concentrated bets where you have high conviction.

- Stanley Druckenmiller

Related quote from Mark Twain:

"Put all your eggs in one basket and watch the basket carefully."

The question you should be asking for every investment:

"At what price?"

Anything is worth buying at the right price.

- Howard Marks

"When everyone is going right, look left."

You can't outperform if you do what everyone else does.

"Look left" doesn't necessarily mean "go" left though.

- Sam Zell

For startup investing, build a network.

To build a network, build a great reputation.

To build a great reputation, stand by your founders no matter what.

They'll recommend you to other founders.

"The founder network is like the mafia."

- Ron Conway

What is currently popular is generally wrong.

- Carl Icahn

The futures 5 fields of innovation:

• DNA sequencing
• Energy storage
• Deep Learning
• Blockchain
• Robotics

- Cathie Wood

Bonus:

"HODL Bitcoin."

- Paul Tudor Jones, @michael_saylor, @APompliano

Retweet the 1st tweet to make a Twitter friend a better investor today:

https://twitter.com/chrishlad/status/1408204591779532814?s=20

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