Masters in Business: Laszlo Birinyi
Great investors are like great chefs. So says Laszlo Birinyi, founder and president of Birinyi Associates, in this week's Masters in Business podcast. Rather than take a shopping list to the supermarket, the best chefs go to market and see what is freshest, he says. Based on availability and ingredients, only then will they decide what they are going to serve. Investing and cooking are alike in that are both three-fourths based on paying attention to what the market is telling you.
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