I've been following value investing for about a year now, I really am convinced that it is the best way to grow your wealth.
However, I'm faced with the question - how does someone pay for living expenses for 10-15 years while their capital is deployed in a stock/several stocks. The whole point of value investing to select a great stock and not touching it for years.
I earn 6 figures yearly, and I would like to quit the 9-5 routine ASAP - how does one have enough money to both cover their living expenses and value invest at the same time?
Can it be that the only way for this to happen is to have millions in the bank BEFORE you start value investing?
Warren already millions before he started value investing and so did Mohnish Pabrai. Would like to get some clarity on the topic, and are there any other opportunities.