There are moments in life that define your path... In today's essay, I want to share one of those moments with you. I was a managing director at Goldman Sachs (GS) at the time. But it didn't happen in my office at the World Trade Center... Instead, it was a lesson I learned from my mom. It changed my life forever. And I believe it could have implications for you and your money. Let me show you how... Yesterday, I wrote about keeping patient in times of market turbulence. Today, I want to write about other tactics to help you become a better long-term investor... It has to do with my mom and a broker at Smith Barney two decades ago. Now, my mom is a smart, independent person. So, when she decided to invest her retirement funds with a brokerage firm called Smith Barney, she didn't ask for my opinion. Smith Barney was a prestigious institution. Its history went all the way back to 1873. You may even recall its motto from a TV commercial in the 1980s. In it, actor John Houseman said:
Tuesday, August 16, 2022

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About Whitney Tilson
Prior to creating Empire Financial Research, Whitney Tilson founded and ran Kase Capital Management, which managed three value-oriented hedge funds and two mutual funds. Starting out of his bedroom with only $1 million, Tilson grew assets under management to more than $200 million.
Tilson graduated magna cum laude from Harvard College with a bachelor's degree in government in 1989. After college, he helped Wendy Kopp launch Teach for America and then spent two years as a consultant at the Boston Consulting Group. He earned his MBA from Harvard Business School in 1994, where he graduated in the top 5% of his class and was named a Baker Scholar.
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Whitney is one of the most connected investors I’ve met. He’s been able to tap into an infinitely deep and unique network of people to come up with great insights into ideas and develop them that other people just can’t do because they don’t have the kind of network he does.
—John Petry