Why Warren Buffett Takes His Investing Tips From a Baseball Legend Keep your eyes open for that one 'fat pitch.'
By Phil Town
Opinions expressed by Entrepreneur contributors are their own.
What do the stock market and baseball have in common?
Entrepreneur Network partner Phil Town speaks about a famous quote from Ted Williams that Warren Buffett loves to quote, which involves not "swinging" at good "pitches."
Williams always swung at the "fat pitches," which to him meant being choosy about which pitches to go for. Town distills this information as meaning even though a company is technically a good company, it may not be the right company for you.
Town notes that to successfully go after a "fat pitch," you must be willing to stand still with cash in your pocket. Simultaneously you should also be researching the companies you are intersted in. Research is integral to gaining a better understanding and thus be more educated to invest. And this sort of study is further aided by discipline and consistency.
Click play to hear more about baseball and investing.
Related: The One Thing Millennials Can Do to Live Life More Comfortably in the Future
Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.
EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.
Click here to become a part of this growing video network.
