Investing in Mavericks and Compounders

This chapter delves into the attributes of successful companies, particularly focusing on maverick leaders and innovative strategies exemplified by Southwest Airlines and NVR. It emphasizes long-term investing and the importance of patience, illustrating how careful analysis of management practices and share buybacks can yield substantial market recognition. By comparing investing approaches to the game of bridge, the chapter argues for the value of passive investment strategies in achieving exceptional returns over time.