Jason Hall

BBB Foods, for example, I've bought at much lower prices than today's, and I've bought it at prices that are very similar to the current price.

What matters more, valuation is important, but business execution for a company that's trying to 5X its size over the next 10 or 15 years, that business execution is how we're going to profit

A deliberate process that focuses on adding more money to winning businesses.

This probably sounds really rule-breakery.

It helps me avoid both the FOMO and the trap of the impulse buy.

I'll save the impulse buys, guys, for the junk food at the supermarket checkout aisle.

Thanks, Emily.

Thanks a lot, Emily.

So as investors, we try to be high-minded.

We have these financial goals, long-term and short-term, that we're trying to reach.

But we're also humans, and humans are messy.

We're just not wired to really be good at investing.

Fear and greed are exceptionally strong emotions.

We search for confirmation bias.

And there's always a data point that feeds what you want to believe to be true, whether it's actually the right thing to act on or not.

If we own a great stock or...

Maybe we just get lucky and we buy a stock and it doubles.

Those old tropes start to sound smart.

It's house money.

I'm going to lock in my profits.