Sometime in the early 2000s I was sitting in a ballroom at the CLSA conference in Hong Kong and Marc Faber, the author of the famed Gloom, Boom & Doom Report, took the stage to give a keynote. He said something that has never left me.
He told the room that if he had made only three decisions in his entire investing career (which started about 25 years prior), he would have beaten the returns he actually earned running money for a living.
Three decisions, once a decade, and peace of mind in Chiangmai (where Marc lives).
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Episode 57: One Decision a Year To Outperform The S&P