Agree on the macro one with a caveat. If you pick a great businesses run by a great owner/manager, are those managers who in the long run will make your job as an investor easier by making good capital allocation decisions for you.
Thanks for highlighting how staying in one's circle of competence can be done to a fault. We encourage people to constantly expand their circle by following rabbit holes of interest and taking action in small, consistent steps.
Investment Maxims Are Not One-Size-Fits-All
Great note Conor!
Agree on the macro one with a caveat. If you pick a great businesses run by a great owner/manager, are those managers who in the long run will make your job as an investor easier by making good capital allocation decisions for you.
Great piece, Conor! Curious if there was a report you grabbed the image for point #8 from?
Fun rant with lots of great information in there! 🔥🙏🏻
Excellent piece, Conor!
Excellent read - Thanks for sharing Conor! Merry Christmas.
Every now and then I come across articles that I wish i’d written - this is one of those. Really good piece
REITs' lead in returns ... yet under-covered space and not many there, especially retail investors ... strange
I love a good Good Will Hunting reference. 👍
I showed the Tweet to David Kim, and he sent this. Funny stuff:
https://www.youtube.com/watch?v=Rm6UT3oy_u8
Thanks for highlighting how staying in one's circle of competence can be done to a fault. We encourage people to constantly expand their circle by following rabbit holes of interest and taking action in small, consistent steps.
Thanks, Conor
Great read Conor!
Excellent, truly excellent. I have a strong dividend growth bias, and for beter or worse, I was able to retire at 54.