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Chas Cocke, LB Partners – There Are Lots of Great Businesses…The Hard Part Is Finding Them At A Really Good Price | #372

The Meb Faber Show - Better Investing

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The Enemy of Performance

In the midst of financial crisis earlier this year, we were a deon investor. We watched our fund grow from 700 million dollars to 20 billion at the end of sevens. And it wouldn't shock me if people are really the enemy of performance. It's amazing how you start to notice all the weaknesses in process when performance is bad. Nothing makes you more attuned than the vicissitudes of performance. Those cannot help but drive your attention.

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