Sublime

We suggest that the growth rate itself be calculated by comparing the average of the last three years with corresponding figures ten years earlier.

Go back to my 20s and at any given point I held something like 25 individual stocks. I don’t know how I did as a stock picker. Did I beat the market? I’m not sure. Like most who try, I didn’t keep a good score. Either way, I’ve shifted my views and now every stock we own is a low-cost index fund.

Moi, je consacre 10 % de mon portefeuille à des actions « sympas », comme des parts dans des sociétés que j’apprécie, connais et utilise (des entreprises comme Amazon, très attachées au service client, ce qui, j’en suis persuadé, se transmet aux actionnaires) ; à des fonds sectoriels de certaines industries (je possède un fonds indiciel spécialisé

Sit still: Patience—measured not just in years but in decades—is an investor’s single most powerful weapon. Witness Rosenfield’s fortitude: In 1990, right after he bought Freddie Mac, the stock dropped 27%—and Grinnell’s total endowment shriveled by a third. And although Sequoia crushed the S&P 500 cumulatively from 1979 to 1998, the fund under

That’s why I advocate that new angels do ten small angel syndicates before they start doing direct investing. Beyond the very real chance of getting a positive return on your investment, if you do this hack, you will build your reputation, have a chance to prove your worth to founders, and jump-start your network—all for the bargain price of $25,00