Navigating the Dot-Com Boom and Beyond

This chapter explores the speaker's investment journey during the dot-com boom, highlighting their strategic decision to sell significant stakes at peak valuations. It contrasts the frenzied tech market with undervalued traditional companies, emphasizing the importance of long-term investment in quality businesses like Costco and Ferrari. The narrative reflects on evolving investment philosophies, focusing on value versus growth and the challenges of identifying sustainable compounders early.