Great post - I’d tell myself to prioritise quality and that valuation is important but secondary rather than the other way around. Also to not buy anything unless i’ve got high conviction in it - this allows me to keep holding through periods of volatility.
Hi summer12
i could have a lot of fun with this.
Firstly id say buy quality when it is on sale and be patient. of course what is quality and when is it on sale is open to debate.
secondly i say identify and stay away from incompetents and tricky people (of which there are many in Finance). the first never makes $ for you, and the other takes your $ away from you.
lol-ive seen them all
As my daughters embark on a journey into adulthood it got me thinking.
If you could go back to the start of your investing journey, what piece(s) of advice would you give to a younger you?