What are investing mistakes?


Shane Parrish and his guest Joel Greenblatt discuss the importance of learning from investing mistakes. They note that experiencing losses personally helps solidify lessons, but it's also beneficial to learn from the mistakes of others to avoid repeating them. This approach is akin to strategizing in chess, where one anticipates and learns from potential errors, but with a focus on patience and waiting for clear, undeniable opportunities before making investment decisions. This methodology reduces the frequency of avoidable errors and emphasizes the value of experience and judgment in recognizing top investment opportunities 1.

Learning from Mistakes

Joel shares his perspective on learning from mistakes and how he prefers to learn from other people's mistakes rather than his own. He emphasizes the importance of patience and waiting for the "AHA" moment before making a move in investing.

The Knowledge Project

What makes a GREAT INVESTOR? | Episode 111 Joel Greenblatt