The three ways to invest
There are only three ways to invest. Before you buy another stock, know which game you're playing.
Buy the index, do it yourself, or hire a manager. Each can work, and each asks something different of you.
The one-page version of yesterday's reel. Save it, then decide which game you're playing.
Sources
- Buffett, 2016 Berkshire Hathaway letter, "Both large and small investors should stick with low-cost index funds.": https://www.berkshirehathaway.com/letters/2016ltr.pdf