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Ep 386. Takeaways from Warren Buffett’s Shareholder Letter and Analyzing Ted Weschler’s Dillards Investment

Focused Compounding

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Asymmetric Investing

I'm just kind of curious do you believe that asymmetric investments come around like frequently have you even come across one that you would categorize as being an asymmetric upside or having extreme asymmetry where there was a lot of different ways to win. So how do you typically think about that? Yeah the second one I mean it does happen there are ones like that. Because when something so cheap it actually has a lot of upside potential people always underestimate the upside potential because we get to reread it all like a real business then upside potentials can be huge.

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