2min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH019: Winning the Long Game w/ John Spears

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Exactly. It's Shared Misery

I think that's always been one of the striking things about Tweety Brown is that you guys as insiders have enormous amounts of money riding on the same things as your shareholders. So there's a tremendous alignment of interest, which also seems to me that when we're looking for someone to manage our money, you want to know that your manager is eating their own cooking. If they're wrong, at least they're suffering alongside you. Exactly. It's shared misery. But it should be pointed out that your returns since 1993 for this flagship fund, I mean, you, I think when I last checked, it was about 900% was the cumulative return. And it had beaten the MSC

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