@dagensaktiedk great write up on $BERNER,
I'm curious to see what is so special about this company i mean there are better companies with higher margins and management and much more capital!
@iancassel It’s fascinating that you can learn one valuable lesson in a podcast and it is in my belief that it has always been about the right mentor “happy”.
Agree with you that one needs to add enough values at first then he will be valuable enough not to be ignored.
In the latest episode of The Investor's Podcast, @stig_brodersen welcomes back @iancassel, founder of MicroCapClub and CIO of Intelligent Fanatics Capital Management, to discuss his new book, Stock Picker.
Listen: https://t.co/FbIIZboZh9
In 1982, Warren Buffett was 52 years old with a net worth of $900 million. He crushed the market for 26 years. If he would have quit or died suddenly, I’m sure plenty of books would still be written about him.
But Buffett didn’t quit. He kept compounding. Buffett found what Juan Ponce de Leon couldn’t –the fountain of youth in a daily intake of Coke’s and See’s Candies. He now has a public track record dating back 68-years since he first established his partnership.
It's Buffett’s longevity and those few extra decades of compounding that puts the exclamation point at the end of GOAT! (GOAT = Greatest Of All Time). He is the greatest investor ever because he started young, outperformed, and has lived a long time.
If you were to ask Buffett, “What is your edge?”, he would probably say it’s his ability to do rational things during irrational times. I would argue his edge quickly evolved from rationality and intellect to one of reputation.
Buffett has been compounding his reputation for 70 years with investors, operators, financiers, world leaders, everyone. The result is people desire his opinion and approval. Business owners are willing to sell to him for less. Financiers are willing to give him a better deal to have him involved. When the markets are in free fall investors look to him to put in the floor and tell us it’s going to be okay. Reputation means influence.
Reputations take time to develop and can only be earned. They normally start from humble beginnings. Most of the people you admire today weren’t known by anyone the first 10 years of their career. They kept their heads down. They weren’t seen. They worked in unglamorous positions, but they started building a reputation that they could be relied upon.
If you're an investor looking to build your reputation - find a great company early before institutions. Do the work. Be public about it. Be the axe in the name (axe = no one knows the company better than you). Be right. Then do it again and again. If you can do this, it won’t matter whether you went to Harvard or flunked out of the 4th grade. Investors, employers, money will find you.
@AmsterdamStocks A great aktie up up on Berner!
I’m just curious about what’s your thoughts on Berner a he a year later and Q2 report ?
Do you think can Carolina keep going like this and rap up the M&A and deploy capital effectively?
Just started reading a book called " The Simple Path To Wealth" By @JLCollinsNH , in one part of the book he explained it perfectly how to not predict the market
strongly recommended.
@ArneUlland It was priced for perfection, however a year later still looks overvalued. the new CEO is still young and badly mistake can happen especially their exposure to B2C is also another concern. love to hear whats your toughts on roko a year later.