Sublime
An inspiration engine for ideas
Mostly Multiples 4/28: A Marketplace Meltdown — CJ Gustafson from Mostly Metrics
app.mailbrew.com
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.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
An important new factor in recent years has been the acquisition of smaller companies by larger ones, usually as part of a diversification program. In these cases the consideration paid has almost always been relatively generous, and much in excess of the bargain levels existing not long before.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
All Markets Are Not Created Equal: 10 Factors To Consider When Evaluating Digital Marketplaces - Above the Crowd
Bill Gurleyabovethecrowd.comabove, most analytical exercises on “where the market is going” tend to result in firms reaching the same (obvious) conclusions as their competitors.
David H. Maister • Managing The Professional Service Firm
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
Artificially-High Stock Prices Until very recently share prices, by general consensus, were set purely by market forces (though they were influenced somewhat by the Fed’s control of short term-interest rates and government tax and spending laws). Whether the market went up or down was not generally seen as a pressing policy matter for the federal g
... See more