Guy Spier is a Zurich-based investor and author of a book on investing entitled The Education of a Value Investor. He is well known for bidding US$650,100 with Mohnish Pabrai for a charity lunch with Warren Buffett in June 2007. In 2009, he was featured in "the Checklist Manifesto", by Atul Gawande regarding his use of checklists as part of his investment process.
Spier manages the Aquamarine Fund, an investment partnership inspired by, and styled after Warren Buffett's 1950s investment partnerships. He is also an occasional financial commentator in the media.[
After reading this book, Uncle8888 is more convinced that Losing is part of the Game.
How much can you stomach your paper losses in this Game?
These two guys paid USD650K to learn investment lessons directly from Warren Buffet.
They are investment Masters too!
What happened in 2008/2009 to these two investment Masters?
Guy: Down - 46.7%
Monash: Down -5X%???
(since his paper loss was worse than Guy)
CW8888: Down -53%
Losing is part of the Game.
Even for investment Masters too.
The Take Away: The Key Test is our investment portfolio able to recover to pre-crisis level and beyond then our portfolio management, investing strategy and stocks pick should be okay.
If a Stock tumbles after you buy it; don't sell it for two years.
CW8888: How many retail investors can stomach it?