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Steve's Note: Who better to learn from than the best? A couple weeks ago at our private investment conference in the Bahamas, a friend of ours shared his unique perspective... He has worked for six billionaires. I loved it. My colleague Amber Lee Mason wrote up the story a few weeks ago in Growth Stock Wire... but the message is so valuable, I don't want you to miss it. So here it is...
Six Investment Lessons from Six BillionairesBy
Monday, May 19, 2014
If you're thinking long term, it's not all about "stock picks"...
I recently attended the Stansberry & Associates Spring Editors Conference in Nassau, Bahamas. Every year, we come together to present our best ideas and hear from a few of our best contacts and industry insiders.
We threw around a lot of specific opportunities for making money... But those weren't necessarily the most valuable ideas we discussed.
After highlighting a handful of his top stocks, for example, one money manager (who asked to remain anonymous) started talking about the billionaires he has worked with in his career... and what he learned from them.
If you can take these ideas to heart, his list will be more useful than a hundred winning stock recommendations. Here it is...
The money manager wrapped up his talk with this advice: "Take your best practices... and all the things you've learned from the folks you respect... and create your own ideas."
If you have lessons like these at hand and practice putting them to work, you'll end up creating a lot of great ideas.
Good investing,
Amber Lee Mason
Further Reading:
In today's Growth Stock Wire, Amber revealed that "you don't need to be an expert to make money in the markets. You just need to keep the 'big picture' in mind.'" So what is the "big picture" in stocks today? Find out here.
"If you're not an experienced trader," Amber writes, "it's easy to lose a lot of money in a short amount of time." She says your best bet is to follow the "fifty-five-ten" rule. Learn what it is right here: Shocking Advice from a Newsletter Publisher.
Market NotesNEW HIGHS OF NOTE LAST WEEK
Allstate (ALL)... insurance
Humana (HUM)... health insurance
CVS Caremark (CVS)... drug stores
Rite Aid (RAD)... drug stores
General Mills (GIS)... Big Food
Kellogg (K)... Big Food
McDonald's (MCD)... fast food
Altria (MO)... cigarettes
Electronic Arts (EA)... video games
DirecTV (DTV)... satellite television
Southwest Airlines (LUV)... airline
Delta Air Lines (DAL)... airline
ConocoPhillips (COP)... Big Oil
Chesapeake Energy (CHK)... oil and gas production
Cummins (CMI)... diesel engines
3M (MMM)... manufacturing
Alcoa (AA)... aluminum miner
General Dynamics (GD)... "offense" contractors
NEW LOWS OF NOTE LAST WEEK
Yamana Gold (AUY)... gold mining
Kinross Gold (KGC)... gold mining
Walter Energy (WLT)... coal mining
RadioShack (RSH)... obsolete retailer
KB Home (KBH)... homebuilder
Molycorp (MCP)... rare earth mining
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