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← An investor with a 20-, 30- or 50-year game should not take cues from…

17 connected korrents · 16 moments from 12 Apr 2016 to 8 Oct 2026.

Everything filed under investing investing Everything filed under patience patience Everything filed under stock market stock market Everything filed under startups startups Everything filed under value investing value investing Everything filed under venture capital venture capital Same subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subjectSame subject Read this korrent: An investor with a 20-, 30- or 50-year game should not take cues from people playing a different game, such as trading for the next quarter, and that is where much of investing's danger comes from. An investor with a 20-, 30- or 50-yeargame should not take cues from peopleplaying a different game, such as tradingfor the next quarter, and that is wheremuch of investing's danger comes from. Last stated 2 years ago 28 May 2024 MH Morgan Housel — holds since 2024-05-28 — tap for who they are Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate aself-fulfilling ('sunspot') debtcrisis simply by credibly committingto buy as many bonds as needed atthe low interest rate. Last stated 4 years ago 1 Jun 2022 OB Olivier Blanchard — holds since 2022-06-01 — tap for who they are Same subject: A company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires. — tap to centre the map on it A company priced in the trillions isnot thereby overpriced; the test iswhat revenues and margins that priceactually requires. Last stated 10 months ago 3 Dec 2025 AD Aswath Damodaran — holds since 2025-12-03 — tap for who they are Same subject: A founder who does not know their own goal dies by a thousand compromises and ends up running a company they do not want to work at. — tap to centre the map on it A founder who does not know theirown goal dies by a thousandcompromises and ends up running acompany they do not want to work at. Last stated 4 months ago 2 Jun 2026 MP Mark Pincus — holds since 2026-06-02 — tap for who they are Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis ismeasurable and therefore visiblewell in advance; the diagnostic ismechanical rather than a matter ofjudgement. Last stated 2 months ago 21 Aug 2026 RD Ray Dalio — holds since 2026-08-21 — tap for who they are Same subject: A margin of safety means paying a discount deep enough that being wrong about what a company is worth still leaves you whole. — tap to centre the map on it A margin of safety means paying adiscount deep enough that beingwrong about what a company is worthstill leaves you whole. Last stated 3 years ago 20 Feb 2024 BA Bill Ackman — holds since 2024-02-20 — tap for who they are Same subject: A margin only counts while you are still investing heavily, because cutting the investment raises this year's margin and lowers the long-term one. — tap to centre the map on it A margin only counts while you arestill investing heavily, becausecutting the investment raises thisyear's margin and lowers thelong-term one. Last stated a year ago 16 Jul 2025 JD Jamie Dimon — holds since 2025-07-16 — tap for who they are Same subject: A run of correct forecasts is not evidence of expertise, because among many forecasters some are right by chance. — tap to centre the map on it A run of correct forecasts is notevidence of expertise, because amongmany forecasters some are right bychance. Last stated 4 years ago 9 Aug 2022 GK Gary Klein — holds since 2022-08-09 — tap for who they are Same subject: About a dozen holdings captures nearly all the benefit of diversification; going to fifty adds almost nothing. — tap to centre the map on it About a dozen holdings capturesnearly all the benefit ofdiversification; going to fifty addsalmost nothing. Last stated 3 years ago 20 Feb 2024 BA Bill Ackman — holds since 2024-02-20 — tap for who they are Same subject: A ban on AI would be short-sighted, giving up on the problem too early. — tap to centre the map on it A ban on AI would be short-sighted,giving up on the problem too early. Last stated 3 years ago 25 May 2023 NQ Nabeel S. Qureshi — holds since 2023-05-25 — tap for who they are Same subject: A basic rule for better decisions is to slow down, especially when there is an immediate conviction. — tap to centre the map on it A basic rule for better decisions isto slow down, especially when thereis an immediate conviction. Last stated 7 years ago 12 Oct 2019 DK Daniel Kahneman — holds since 2019-10-12 — tap for who they are Same subject: A choice with no immediate payoff is not necessarily a poor one: many extraordinary things come from what is first-order negative and second-order positive. — tap to centre the map on it A choice with no immediate payoff isnot necessarily a poor one: manyextraordinary things come from whatis first-order negative andsecond-order positive. Last stated 10 years ago 12 Apr 2016 SP Shane Parrish — holds since 2016-04-12 — tap for who they are Same subject: A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price. — tap to centre the map on it A "good business" now means one thatcan display quarter-on-quarter stockgrowth, not one that makes goodproducts at a fair price. Last stated a year ago 21 May 2025 EZ Ed Zitron — holds since 2025-05-21 — tap for who they are Same subject: A society's prosperity comes from its productivity, not from the financial system or stock market. — tap to centre the map on it A society's prosperity comes fromits productivity, not from thefinancial system or stock market. Last stated 2 weeks ago 25 Sept 2026 MM Mr. Money Mustache — holds since 2026-09-25 — tap for who they are Same subject: AI stocks are behaving as if they are insensitive to interest rate changes. — tap to centre the map on it AI stocks are behaving as if theyare insensitive to interest ratechanges. Last stated yesterday 8 Oct 2026 BD Brad DeLong — holds since 2026-10-08 — tap for who they are Same subject: A first-time founder has an advantage over a repeat winner, because past success makes it too easy to raise money and hire against a big vision before there is product-market fit. — tap to centre the map on it A first-time founder has anadvantage over a repeat winner,because past success makes it tooeasy to raise money and hire againsta big vision before there isproduct-market fit. Last stated 4 months ago 14 Jun 2026 MP Mark Pincus — holds since 2026-06-14 — tap for who they are Same subject: A founder should take half the valuation if it buys all of the control, because the right to be wrong in your own way is what founding was for. — tap to centre the map on it A founder should take half thevaluation if it buys all of thecontrol, because the right to bewrong in your own way is whatfounding was for. Last stated 4 months ago 2 Jun 2026 MP Mark Pincus — holds since 2026-06-02 — tap for who they are Same subject: About 5% is the most common final ownership stake for the founder of a VC-funded startup that works out. — tap to centre the map on it About 5% is the most common finalownership stake for the founder of aVC-funded startup that works out. Last stated 3 months ago 18 Jul 2026 PL Pieter Levels — holds since 2026-07-18 — tap for who they are
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At the centre An investor with a 20-, 30- or 50-year game should not take cues from people playing a different game, such as trading for the next quarter, and that is where much of investing's danger comes from. Last stated 28 May 2024 · 2 years ago Holds Morgan Housel Read this korrent →