Ensemble Capital Hosts Teenage Investor and Author Maya Peterson
Last weekend, Ensemble Capital hosted two educational events in the Bay Area with Maya Peterson, a 16-year-old investor and author of Early Bird: The Power of Investing Young.
In Warren Buffett’s famous article, The Superinvestors of Graham and Doddsville, he wrote that “the idea of buying dollar bills for 40 cents takes immediately to people or it doesn’t take at all. It’s like an inoculation.” In other words, either you immediately get the concept of business-focused value investing or you don’t. Maya gets it.
As Maya explained during our Q&A sessions, she looks to become a part-owner of businesses with economic moats – and then be patient. One of the benefits of investing young is a multi-decade time horizon, and Maya is taking full advantage of this edge. She also advised young people to not be intimidated by the bells and whistles of the stock market, but to focus instead on becoming a part-owner in businesses you admire and understand.
If you weren’t able to attend, Maya wrote up her answers to my questions on her blog, which you can find here. If you hope to get a young person interested in investing, Maya’s blog and book are great places to start!
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