Sublime
An inspiration engine for ideas
Jim Grosfeld, who was on Copart’s board, gave me some sage advice: “Willis, Wall Street doesn’t care about ups and downs. They hate that. What they like is consistency. If you just make that earnings line just move up a little bit every quarter, every year, you’ll get paid a really good high multiple because then they can figure your company out.”
... See moreWillis Johnson • Junk to Gold: From Salvage to the World’S Largest Online Auto Auction
Value Investing
Daniel Bakalarz and • 11 cards
If you find great companies, value them carefully, and purchase them only at a discount to a reasonable valuation estimate, you’ll be fairly well insulated against the vicissitudes of market emotion.
Pat Dorsey • The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
Above all, remember (again, courtesy of Warren Buffett), “What the wise man does in the beginning, the fool does in the end.” Or, as the Oracle of Omaha sometimes expresses it, “There are three i’s in every cycle: first the innovator, then the imitator, and finally the idiot.” No matter what fund managers may offer you, don’t you be the idiot.
