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Ep 346. Q&A: Investing Mistakes, Holding Compounders, ROIC, FCF + Growth

Focused Compounding

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I've Made Mistakes Before, Yeah. Yeah.

There's not many cases where I thought the people involved were particularly good and then changed my mind about it. And that could be either there too promotional or just like sort of general dysfunction incompetence, things like that. Both of those sometimes you see a business and you think, well, that doesn't really matter. It's a really good business,. It'll be okay. So that's the other one where I've definitely changed on some stocks. Were you think your bar is much higher now? No, I don't know about that. But I just mean that I came to recognize that it was such a big issue that I chose to sell.

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