Motley Fool Hidden Gems Investing Getting Rich vs. Staying Wealthy
Sep 4, 2020
Morgan Housel, Partner at Collaborative Fund and acclaimed business writer, dives into the psychology behind wealth in this enlightening conversation. He breaks down how psychological biases can skew our financial decisions and underscores the importance of a safety margin in investing. The discussion also highlights the balancing act between short-term trends and long-term strategies. Housel shares personal anecdotes from his writing journey and the differences between crafting blogs and books, offering a peek into the complexities of financial storytelling.
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Uber/Lyft Concerns
- Keep Uber and Lyft on a short leash due to regulatory uncertainty surrounding their contractor model.
- This uncertainty could significantly impact their cost structure.
Teladoc Health Bullish
- Teladoc Health is a promising long-term investment, especially after the Livongo merger.
- The merger creates a powerful force in healthcare through technology.
Retail Stock Watch
- Monitor Bed Bath & Beyond closely as its turnaround is uncertain and bankruptcy is possible.
- Target remains a strong buy due to successful pandemic adaptations.
