Wayne Jones

Fund Manager | Ganes Focused Value Fund

[Wayne Jones @Wayne_J0nes]

The Ganes June fund update is now available on the Ganes website https://t.co/9FPBZMJ9p2

The fund was up 24.4% for the past yr and an initial investment of $100,000 is now worth $1,111,844.

This qtr I take on some investing advice from Roger Federer.

[Wayne Jones @Wayne_J0nes]

@oldbooksguy I love some of the Japanese writers and for mine The Gate by Natsume Soseki would come out on top but Stoner by John Williams is pretty close.

[Wayne Jones @Wayne_J0nes]

@FoundersPodcast #222 Ed Thorp
#295 Dinner with Charlie Munger
#294 Napoleon

[Wayne Jones @Wayne_J0nes]

@mastersinvest #29 was very good. Have you read Kochland by Christopher Leonard? Highly recommend.

[Wayne Jones @Wayne_J0nes]

@ben_woodward @mattvsjapan Loved these too.

[Wayne Jones @Wayne_J0nes]

@mattvsjapan I liked the interviews you have done with ordinary learners that reached high levels (not youtube polyglot grifters).

[Wayne Jones @Wayne_J0nes]

@ForagerSteve @Frank_Dar_Tank AGM today. Always a good day out with a chance to meet staff, see their products and a great BBQ thrown in. Big future ahead.

[Wayne Jones @Wayne_J0nes]

@buccocapital Surprised how much I enjoyed this. Audiobook version is very good.

[Steven Wood @GWInvestors]

Really excited to publish today my first deep dive on a Builder -- one of my favorites: Sergio Marchionne. A perfect hero to kick off the Substack Series here: https://t.co/emF1LaoyQd
#SergioIsGod

[Wayne Jones @Wayne_J0nes]

@mattvsjapan Agree. I call it the path of least resistance. Same thing happens when travelling.

[Wayne Jones @Wayne_J0nes]

@forager_gareth Right on the money. Assuming you don’t interrupt it by trading and leaking tax.

[Wayne Jones @Wayne_J0nes]

@mastersinvest An english version of il sogno di solomeo!! 👏👏

[Wayne Jones @Wayne_J0nes]

@hurdle_rate I kept my status purely because people outside accounting still value it.

[Wayne Jones @Wayne_J0nes]

@mastersinvest Looking forward to reading the reviews. I bought a copy in Italian and read it but would have missed loads of nuances.

[Wayne Jones @Wayne_J0nes]

@evfcfaddict The other point is that when he buys these businesses he HOLDS them. Most portfolio managers have 80+% turnover. You need time for compounding earnings to do their thing.

[Wayne Jones @Wayne_J0nes]

@abroninvestor I hadn’t done that exercise before and it was quite sobering. And my turnover is a fraction of most others.

[Wayne Jones @Wayne_J0nes]

The Ganes March fund update is available on the Ganes website https://t.co/9FPBZMJ9p2

The fund was up 12.6% for the qtr and 24.0% for past yr. An initial investment of $100,000 is now worth $1,143,120.
This qtr I show why doing nothing is the hardest thing but the best thing.

[Wayne Jones @Wayne_J0nes]

@mastersinvest My favourite quote of his.

[Wayne Jones @Wayne_J0nes]

@mastersinvest @ClearWayCap Some rare ones there!

[Wayne Jones @Wayne_J0nes]

@brockmccamley @lukewinchester9 $CPU runs partly like this when companies are raising capital. It was a good little earner when rates were high and settlement terms were long.