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How Big Warren & Slick Charlie got rich

Published 22 days ago • 1 min read

Howard Marks just dropped his newest newsletter.


It was all about why avoiding risk is risky and it’s critical to investment success.


Hopefully you click the link above and read it or check out the audio version if you’re feeling a bit lazy.

Anyways, Howard knows I have a fetish for Warren & Charlie and broke down their success in three parts:

(a) a lot of investments in which they did decently.

(b) a relatively small number of big winners that they invested in heavily and held for decades.

(c) relatively few big losers.

No one should expect to have all big winners and no losers.

Picking a few losers doesn’t make us losers, just the investment we made.

We just have to make sure they’re kept to a minimum.

Thanks for reading, and be sure to stay tuned for the Sunday portfolio update edition.

~Russ Knopf


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Dapper Dividends

Russ Knopf

Each week you'll learn how to be a better dividend investor and follow the journey of a welder with a passion for passive income to $1,000,000 and beyond.

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