Skin in the game.
Itâs an easy concept to understand.
When Iâm buying stocks, I want the people running the company to carry the same risks I do.
Iâm not asking for much.
Just that if they tank the stock, company executives will be eating beans and selling meat out of a truck.
They canât screw their companies up, engage in accounting scams, or take three-month sabbaticals.
They have to invest their time AND their money.
I donât want my companies run by someone who can come up with a dumb idea like New Coke with no consequences and just move on to the next stupid idea and the next stupid company.
If they own the stock and they hit the ball out of the park, weâll all make money.
Honestly, I want these executives to get rich. Really rich.
I just do not want the people managing the companies I own getting rich from inflated salaries and stock options while they lose me money.
Today, Iâm going to talk about Insider Buying and why itâs such an important element when picking a long-term stock position.
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[I'm an image]
Jeff Bishop
P.S. My No. 1 stock pick for August has already taken off like a rocket. Iâm up more than 70% on this stock. But thereâs another pick that I expect to rally as much as 560% in the next few years. Donât tell me youâre not interested. See it for yourself, [right here.](
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