Invest With Daniel Pecaut: Investing In Stocks, Personal Development, Relationships, Meditation And Yourself

In this episode we go deeper into the nuts and bolts of being an enterprising investor.  We look at the concept of Mr. Market which represents the psychology of investing and how the market behaves.   We talk about why you should look to have a margin of safety of safety in your investments in order to get the best value possible and to protect yourself from loss.   We talk about the importance of understanding accounting so you know what the numbers mean. We start breaking down the terms that are most relevant to finding and buying great businesses.   We also discuss capital allocation and the skills required by great managers.     IWDP06