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2min chapter
TIP544: Life-Changing Returns in Cyclicals & Spinoffs
We Study Billionaires - The Investor’s Podcast Network
The Joys of Compounding
Godum was also inspired by Charlie Munger's belief that when you find a rare opportunity that you're nearly absolutely certain as a bargain, you should allocate in size towards that opportunity. Godum said that he had never achieved what Peter Lynch calls a 10-bagger where a holding would increase by 10x. Over his investment career, he had smaller wins that compounded many times over to help him realize his dream of achieving financial freedom. If you'd like to learn more, I'd encourage you to check out this chapter in Godum's book in the joys of compounding. It's a really great chapter.
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