Tactic 01
Shaan Puri & Sam Parr, My First Million
Make Only 2.9 Decisions A Year
The play
Research a small set of businesses deeply, write down your buy price, then wait, even years, until the market actually hits it.
Shaan Puri & Sam Parr says
I study a few things I can understand and I go very deep on them, keeping detailed notes. I don't buy until the opportunity actually presents itself and the price gets cheap enough. This approach produced a 21.8 percent annual return against 13.5 percent for the S&P 500. Across the decade I tracked, this came out to only 2.9 decisions a year.
Try this
Go deep on a small set of understandable businesses and wait for your price before acting.