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Where is the Crash?

The Compound and Friends

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The Importance of Growth in Financial Stocks

He loved that lens of looking at an industry where the accounting sort of obfuscated and the perception. He had all sorts of phrases for these, you know, growth stocks in disguise. On paper, they're losing money this year but they're creating this revenue opportunity. They're getting a subscriber that's going to stay with it. It's an LTV calculation. So that became part of our culture. And it started. Honestly, a lot of our orientation over the years has been he did it entirely in financial stocksOver 95% of his portfolio was in financial stocks when he died.

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