Tap a claim on the ring to put it at the centre.
← Most investments are really speculations, because only a handful of…
17 connected korrents · 16 moments from 3 Sept 1888 to 25 Sept 2026.
Everything filed under value investing
value investing
Everything filed under investing
investing
Everything filed under stock market
stock market
Everything filed under courage
courage
Everything filed under startups
startups Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Most investments are really speculations, because only a handful of businesses can be predicted with any confidence. Most investments are really speculations, because only a handful of businesses can be predicted with any confidence. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — tap for who they are
Same subject: An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell. — tap to centre the map on it An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell. Last stated 3 years ago
20 Feb 2024
BA
Bill Ackman — holds since 2024-02-20 — 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 not evidence of expertise, because among many forecasters some are right by chance. Last stated 4 years ago
9 Aug 2022
GK
Gary Klein — holds since 2022-08-09 — tap for who they are
Same subject: Market bubbles and crashes are inevitable but impossible to predict in advance. — tap to centre the map on it Market bubbles and crashes are inevitable but impossible to predict in advance. Last stated 3 months ago
30 Jul 2026
JC
JL Collins — holds since 2026-07-30 — tap for who they are
Same subject: Investors have collectively absorbed the idea of increasing returns and power laws, and that belief is what makes them take ever more risk. — tap to centre the map on it Investors have collectively absorbed the idea of increasing returns and power laws, and that belief is what makes them take ever more risk. Last stated 4 months ago
9 Jun 2026
BG
Bill Gurley — holds since 2026-06-09 — tap for who they are
Same subject: Venture investments are essentially lottery tickets for individual investors. — tap to centre the map on it Venture investments are essentially lottery tickets for individual investors. Last stated 4 weeks ago
24 Sept 2026
BC
Ben Carlson — holds since 2026-09-24 — tap for who they are
Same subject: Great ideas are not all taken: many multi-billion-dollar businesses were buildable years earlier and nobody built them for no reason other than that nobody did. — tap to centre the map on it Great ideas are not all taken: many multi-billion-dollar businesses were buildable years earlier and nobody built them for no reason other than that nobody did. Last stated 3 months ago
28 Jul 2026
BS
Blake Scholl — holds since 2026-07-28 — tap for who they are
Same subject: AI companies will not fix their own security without outside pressure, because they bear the cost of investing and everyone else bears the cost of their not investing. — tap to centre the map on it AI companies will not fix their own security without outside pressure, because they bear the cost of investing and everyone else bears the cost of their not investing. Last stated 2 years ago
10 Jan 2025
MB
Miles Brundage — holds since 2025-01-10 — tap for who they are
Same subject: Most active investors are not hunting for information; they are betting on mean reversion in data everyone already has. — tap to centre the map on it Most active investors are not hunting for information; they are betting on mean reversion in data everyone already has. Last stated 4 months ago
18 Jun 2026
AD
Aswath Damodaran — holds since 2026-06-18 — 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 is not thereby overpriced; the test is what revenues and margins that price actually requires. Last stated 11 months ago
3 Dec 2025
AD
Aswath Damodaran — holds since 2025-12-03 — tap for who they are
Same subject: A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. — tap to centre the map on it A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. Last stated 8 months ago
3 Mar 2026
SB
Sanjay Bakshi — holds since 2026-03-03 — 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 a discount deep enough that being wrong about what a company is worth still 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: The S&P 500’s price-to-sales ratio no longer signals what it once did, because today’s companies earn higher margins. — tap to centre the map on it The S&P 500’s price-to-sales ratio no longer signals what it once did, because today’s companies earn higher margins. Last stated 2 months ago
25 Aug 2026
NM
Nick Maggiulli — holds since 2026-08-25 — 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 that can display quarter-on-quarter stock growth, not one that makes good products 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 from its productivity, not from the financial system or stock market. Last stated 4 weeks ago
25 Sept 2026
MM
Mr. Money Mustache — holds since 2026-09-25 — tap for who they are
Same subject: The best time to invest is when professional money managers are too fearful to act and the public is gripped by fear and anger. — tap to centre the map on it The best time to invest is when professional money managers are too fearful to act and the public is gripped by fear and anger. Last stated 10 months ago
10 Dec 2025
JZ
Jason Zweig — holds since 2025-12-10 — tap for who they are
Same subject: A person should not play the coward to their own deeds by repudiating them once done; pangs of conscience are indecent. — tap to centre the map on it A person should not play the coward to their own deeds by repudiating them once done; pangs of conscience are indecent. Last stated 138 years ago
3 Sept 1888
FN
Friedrich Nietzsche — holds since 1888-09-03 — tap for who they are
Same subject: A society that intensely values intelligence is unprecedented in human history; the Bible, Homer and other ancient texts value strength, courage and beauty instead. — tap to centre the map on it A society that intensely values intelligence is unprecedented in human history; the Bible, Homer and other ancient texts value strength, courage and beauty instead. Last stated 6 months ago
8 May 2026
DR
David Reich — holds since 2026-05-08 — tap for who they are
At the centre
Most investments are really speculations, because only a handful of businesses can be predicted with any confidence.
Holds Read this korrent →
An investor who never borrows against their securities can afford to think, because no fall in price can force them to sell.
Holds
A run of correct forecasts is not evidence of expertise, because among many forecasters some are right by chance.
Holds
Market bubbles and crashes are inevitable but impossible to predict in advance.
Holds
Investors have collectively absorbed the idea of increasing returns and power laws, and that belief is what makes them take ever more risk.
Holds
Venture investments are essentially lottery tickets for individual investors.
Holds
Great ideas are not all taken: many multi-billion-dollar businesses were buildable years earlier and nobody built them for no reason other than that nobody did.
Holds
AI companies will not fix their own security without outside pressure, because they bear the cost of investing and everyone else bears the cost of their not investing.
Holds
Most active investors are not hunting for information; they are betting on mean reversion in data everyone already has.
Holds
A company priced in the trillions is not thereby overpriced; the test is what revenues and margins that price actually requires.
Holds
A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack.
Holds
A margin of safety means paying a discount deep enough that being wrong about what a company is worth still leaves you whole.
Holds
The S&P 500’s price-to-sales ratio no longer signals what it once did, because today’s companies earn higher margins.
Holds
A "good business" now means one that can display quarter-on-quarter stock growth, not one that makes good products at a fair price.
Holds
A society's prosperity comes from its productivity, not from the financial system or stock market.
Holds
The best time to invest is when professional money managers are too fearful to act and the public is gripped by fear and anger.
Holds
A person should not play the coward to their own deeds by repudiating them once done; pangs of conscience are indecent.
Holds
A society that intensely values intelligence is unprecedented in human history; the Bible, Homer and other ancient texts value strength, courage and beauty instead.
Holds