David Horne
@davidhorne
Lifelong apprentice.
David Horne
@davidhorne
Lifelong apprentice.
What God declares the believing heart confesses without the need of further proof.
When our body language is negative, we are demonstrating and showing that we don’t think the result is going to turn out like we’d hoped. We don’t have confidence or faith in our child.
The things that are going to be valuable are the things you can’t teach or copy.”
Expected Annual Return = (1 + % Gain Needed to Recover)^(1/Number of Years to Recover) – 1 But since we know that the “% Gain Needed to Recover” is 50%, we can plug in this number and simplify this equation to: Expected Annual Return = (1.5)^(1/Number of Years to Recover) – 1 So, if you think the market recovery will take: 1 year, then your
... See moreR. C. Sproul said it this way in his book, The Holiness of God:
“When we understand the character of God, when we grasp something of His holiness, then we begin to understand the radical character of our sin and helplessness. Helpless sinners can survive only by grace. Our strength is futile in itself; we are spiritually impotent without the
... See moreThe company's strategy is simple. Acquire small vertical software businesses with little competition, apply best practices from past experience and repeat as often as possible.
Each quarter we try to study an admirable company and discuss it with our Operating Group managers and board members. We focus on high performance conglomerates that have demonstrated at least a decade of superior shareholder returns.
“Let’s put price off to the side for a moment and talk about what would make this a good deal.”