David Gardner - Mastering the Art of Long Term Investing

David Gardner returns to discuss his new book: Rule Breaker Investing: How to Pick the Best Stocks of the Future and Build Lasting Wealth. After decades of research, the book is a culmination of David's work in investing. This conversation should whet your appetite and help understand David's philosophy. Takeaways Investing requires a long-term mindset and patience. Market volatility is a natural part of investing. Concentration in a few strong positions can be beneficial. Initial position sizing should be conservative, typically around 5%. Avoid adding to losing positions; focus on winners. Understanding the brand and leadership of a company is crucial. Total addressable market can expand, leading to growth opportunities. AI can enhance investment strategies and content creation. Investing is about understanding the underlying business, not just stock prices. Building a portfolio should reflect personal values and vision. Other Episode You can find David and Bill's first conversation at: Apple: https://podcasts.apple.com/us/podcast/david-gardner-an-investing-fool/id1540847053?i=1000542928487 Spotify: https://open.spotify.com/episode/6QQaQXlOz4mvjFS425vkQs?si=VsXHLcseTneft5J0APQS_Q Youtube: https://www.youtube.com/watch?v=VXijHth4OrU Sponsorship Information Thank you to Fiscal.ai for sponsoring the show. DISCOUNT INFO: If you use the affiliate link ⁠fiscal.ai/brew⁠, you will automatically get 2 weeks of Fiscal Pro for Free and if you find that you want to upgrade, my link will get you 15% off any paid plans. About Fiscal.ai Fiscal.ai is the complete modern data terminal for global equities. The Fiscal.ai platform combines a powerful user experience with all the financial data capabilities that professional investors need.  Users get up to 20 years of historical financials for all stocks globally that they can easily chart, compare, or export into their own models.  And unlike legacy data terminals where it can take hours or even days, Fiscal.ai’s data is updated within minutes of earnings reports.  Fiscal.ai also tracks all the company-specific Segment & KPI data so you don’t have to.  Like to track Amazon’s Cloud Revenue? They’ve got it. How about Spotify’s premium subscribers?  Or Google’s quarterly paid clicks? They’ve got all of it.