The speed at which a business’s success is recognized, furthermore, is not that important as long as the company’s intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
Warren Buffett
But, like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice: Mr. Market is there to serve you, not to guide you.
Warren Buffett
- Deutsche Bank Shares Fall Sharply https://city.wsj.com/articles/a8c01bdb-a704-48a5-ae0d-6d37f8291220
- Apple Downgraded to Sell at Rosenblatt Securities
https://finance.yahoo.com/video/apple-downgraded-sell-rosenblatt-securities-150206596.html
- Record Disconnect Between Funds & Flows h/t to Alex @MacroOps
- A 350x (35,000%) Return in 12 Years – A Super Compounder
https://twitter.com/siddiqui71/status/1148001958986489858?s=20
- Wealth Creation and How You Can Do It – Naval Ravikant @Naval
https://www.youtube.com/watch?time_continue=2&v=EKqZ6VaUxkM
- Chuck Akre’s Investment Approach
- High Yield Bonds Turn Negative According to IFR http://www.ifre.com/high-yield-bonds-turn-negative/21394681.fullarticle#.XSMiWaZxGSY.twitter
- Caption This
- US-China Trade War: Ignore The Hype, Trump and Xi Are No Closer To A Deal – South China Morning Post
https://www.scmp.com/week-asia/opinion/article/3017495/us-china-trade-war-ignore-hype-trump-and-xi-are-no-closer-deal
- Morgan Stanley Turns Bearish On Global Stocks as Challenges Grow – Bloomberg
https://www.bloomberg.com/news/articles/2019-07-08/morgan-stanley-turns-bearish-on-global-stocks-as-challenges-grow
- The Five Stages of Investment Mastery – Graham Duncan
https://medium.com/@graham.duncan/the-playing-field-dfb9a1473f43
- WeWork to Raise Billions Selling Debt Ahead of IPO – WSJ
https://www.wsj.com/articles/wework-to-raise-billions-selling-debt-ahead-of-ipo-11562524614
- BBB-Rated Corporate Bonds Have More Than Quadrupled Since The Crisis – IMF (h/t to @dlacalle_IA)
https://twitter.com/dlacalle_IA/status/1148194804691623937?s=20
- Julian Brigden on U.S. Inc.
- Investing For A New Cold War – Louis-Vincent Gave
https://blog.evergreengavekal.com/investing-for-a-new-cold-war/
When you arise in the morning think of what a privilege it is to be alive, to think, to enjoy, to love
Marcus Aurelius (h/t to @farnamstreet)