Focused Compounding cover image

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

Focused Compounding

00:00

The Disadvantages of Perfect Investments

A lot of times when you think that something is very very safe you tend to underestimate the upside. Good looks like perfect but perfect is different with perfect investments the downside is smaller than the good investments and it is also more defined. So what you're doing is when you're saying all this has a tremendous margin of safety often you're underestimating future circumstances under which it could have tremendous upside.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app