Michael LippertGuestConsuelo MackHostAt the close of every Wealth Talk, we try to give you one suggestion to help you build and protect your wealth over the long term.
This week's Action Point picks up on a theme of Mike Lippert's that once he has made the well-researched decision to invest in a company, he generally stays with it.
As Vanguard's founder Jack Bogle famously wrote in one of his terrific investment books, Common Sense on Mutual Funds, I've said stay the course a thousand times, and I meant it every time.
In one of Warren Buffett's wonderful annual letters to Berkshire Hathaway shareholders, this one in 1990, he described his and business partner Charlie Munger's approach.
So many wise investors, having learned from hard experience, have counseled that market timing doesn't work and that sitting tight does.
At the close of every Wealth Talk, we try to give you one suggestion to help you build and protect your wealth over the long term.
This week's Action Point picks up on a theme of Mike Lippert's that once he has made the well-researched decision to invest in a company, he generally stays with it.
As Vanguard's founder Jack Bogle famously wrote in one of his terrific investment books, Common Sense on Mutual Funds, I've said stay the course a thousand times, and I meant it every time.
In one of Warren Buffett's wonderful annual letters to Berkshire Hathaway shareholders, this one in 1990, he described his and business partner Charlie Munger's approach.
So many wise investors, having learned from hard experience, have counseled that market timing doesn't work and that sitting tight does.
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