Price matters. Compounded returns are significantly affected by starting valuations.
Chuck Akre
- Tencent’s Wide Moat – Presentation by John Huber (Saber Capital) at the Manual of Ideas Wide Moat Investing Summit
http://sabercapitalmgt.com/wp-content/uploads/2013/03/Tencents-Wide-Moat-Manual-of-Ideas-2017.pdf
- The Difference Between Intelligent Fanatics and Outsiders by Ian Cassel
http://bit.ly/30ptwTj
- BMW Takes on VW and Tesla With $36,400 Electric Mini Cooper
https://bloom.bg/2NGoTml
- Doc-lite: The New Menace in $1.2t Leveraged Loan Market
https://on.ft.com/2Y2bPMp
- Debt-laden Altice Pays Heavy Price for New Bond Deal
https://on.ft.com/2XYg9vO
- Hedge Funds Are Tracking Private Jets to Find the Next Megadeal
https://bloom.bg/30qgSU8
- Asia’s Former Richest Man Pursues Debt-Fueled Quest to Take on Tesla
http://bit.ly/30qtSt6
- Heave Debt Humbles China’s Business Champions
https://on.wsj.com/30utHgr
- China’s Spluttering Car Market
https://on.wsj.com/30oxcop
- Fed Expectations Trigger Record Run of Outflows in Leveraged Loans
https://on.wsj.com/30n895a
- Big Tech’s Buyback Spree Nears Its Limits
https://on.wsj.com/30tsp5o
- Lagarde, The ECB and The Next Crisis by Daniel Lacalle
http://bit.ly/30n8uVu
- Japan-Korea Spat Threatens to Upend Global Technology Chain
https://bloom.bg/30n8IMk
In your actions, don’t procrastinate. In your conversations, don’t confuse. In your thoughts, don’t wander. In your soul, don’t be passive or aggressive. In your life, don’t be all about business.
Marcus Aurelius