Why Warren Buffett Takes His Investing Tips From a Baseball Legend
Keep your eyes open for that one 'fat pitch.'
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.
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