Overview

• Speaking with Oso Trava on the Cracks Podcast on September 29, 2025, Slim reflected on past investments and the upbringing that shaped his cautious approach.
• He said his worst error was selling Apple shares bought cheaply before Steve Jobs’ return, noting he exited with a profit but missed the long rally.
• Slim indicated he sold about 3% of Apple around 1997, recalling a purchase thesis based on the company’s cash exceeding its market value at the time.
• He cited Amazon’s steep 2008–2009 slump as another missed opportunity, framing both episodes as lessons in patience and risk control.
• Slim reiterated principles for investors: when uncertain, do half; diversify; keep cash on hand; avoid leverage; increase exposure when assets look cheap and cut back when valuations look rich, adding that Tesla’s price looks irrational and that he is interested in a short.