compounding
In a meeting with Warren Buffett, Jeff Bezos asked him: “Your investment thesis is so simple. You’re one of the richest guys in the world and it’s so simple. Why doesn’t everyone just copy you?” Warren Buffett responded by saying: “Because nobody wants to get rich slowly.” Warren Buffett And The Power Of CompoundingThe power of compounding is truly visible with Warren Buffett. He first became a billionaire at the age of 56 in 1986. This reflects his approach of getting rich slowly and enjoying the journey, rather than the destination. In his words, Buffett has been “Tap Dancing to Work” for de...
ValueWalk
Every ValueWalk reader knows Gresham’s Law: Bad money drives out good. Q4 2021 hedge fund letters, conferences and more Named for Sir Thomas Gresham (1519 – 1579), English financier, who observed, when debased coinage becomes legal tender, pure coinage is hoarded or melted down, driving “good money” out of circulation. Sir Thomas’ namesake, author William Lindsay Gresham (1909 – 1962), whose “Nightmare Alley,” the grim 1946 novel and 1947 film noir of carnival deception, was recently remade by Guillermo del Toro, promulgated his own Gresham’s Law in the 1953 classic expose of carnival life, “M...
ValueWalk
Every great investor has an edge. Jim Simons employs a code cracking team, Ray Dalio demands radical transparency while Paul Singer deploys no-holds-barred activist attacks. One of the most common and lucrative edges I’ve seen exploited in markets is ‘Fighting the Fade‘. It’s in this niche many of the world’s most successful investors have cemented their track records; Munger & Buffett, Akre, Sleep, Smith, Polen, Lone Pine, Lindsell Train, WCM and Baillie Gifford.Q3 2020 hedge fund letters, conferences and moreFind The Edge In Fighting The FadeAt the heart of all successful investing is compou...
ValueWalk
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