Ep 62. SuperInvestor Series: Joel Greenblatt
Focused Compounding
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How to Buy Stocks With Leaps
Schlad: Have you used leaps to purchase a stock or to, I guess, play a stock or invest in a stock? I suggested leaps. We did podcasts on GameStop and Intercom, right? Yeah. And as we mentioned with Kalexy, they chose to forego salary in exchange for a meaningful percentage of the company. The downside risk is big. There's some meaningful chance that it could go to zero, I guess. But if it doesn't, the company is wonderful and so it'll compound at a great rate. That's when you want to use leaps, right? When you think there's a really big upside, but there's some downside you can't
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