On his recent appearance on The Investing for Beginners Podcast, Ryan talks about why candid communication from company leadership matters just as much as the numbers.
He believes it is important to own businesses run by people who are honest about mistakes, realistic about their capabilities, and don’t overpromise what they can’t deliver. Because when we invest, we’re not looking for a fling- we’re looking for a long-term partnership.
As Buffett says, imagine your investments are limited to a punch card with just a handful of slots. You’d be a lot more selective- and you’d want a clear exit plan if things go wrong.
Watch the clip to hear how we apply this mindset in real-world investing.