23min chapter

The Compound and Friends cover image

Fixing PayPal With Dan Dolev, Stop Crying and Buy Bonds

The Compound and Friends

CHAPTER

The Frustration of Stock Pickers and the Power of Popular Stocks

The chapter discusses the frustration of stock pickers who have underperformed compared to the 'dumb money' that simply invested in popular stocks. It explores the concept of second order thinking and its failure in relation to investing in certain companies. The conversation also touches on the power of influential investors to create alpha simply by associating themselves with a stock.

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