The power of compounding
sari added 6mo ago
Fun graphic on $META from the Rowan Street annual letter (a hedge fund that printed a 102.6% net return in 2023): Shows how non-linear the path to good returns can be and how conviction pays off. https://rowanstreet.com/post/rowan-street-2023-year-end-letter... See moresari added 7mo ago
- People underestimate compounding and long games. When people think “that’s not possible”, “you can’t do that”, “that won’t work”, it’s often because they’re imagining something like 5 years, 10 years. Things get very different when you have 50 year plans
from visakanv's 50yr "plan" for global nerd network [wip] by Visakan Veerasamy
sari added 1y ago
from a founder:
“Momentum is a powerful thing
I genuinely think going from $10k to $200k MRR was way easier than going from 0 to $10K
Simply because back then we had slow progress and zero momentum”
sari added 1y ago
sari added 1y ago
In 2012, Deckers acquired Hoka One (running shoes) for approximately $1.1 million. At the time, Hoka had less than $3 million in sales. In 2022, Hoka did $1BN in sales.
sari added 1y ago
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