Two Quants and a Financial Planner How to Avoid Selling Your Next 100-Bagger | Practical Lessons from Chris Mayer
Aug 11, 2025
Dive into the wisdom of long-term investing with insights from Chris Mayer. Discover why 'dead money' can be tougher than drawdowns and learn the emotional toll of patience. Uncover the myth of catalysts while understanding the power of compounding. Understand how great businesses reveal their strengths over time and why aligning with the right mindset is crucial. Explore Buffett's evolution in value investing and see how handling uncertainty can create unique opportunities. It's a compelling journey through the challenges and strategies of building wealth.
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Perspective Makes Drawdowns Less Scary
- Expect corrections to feel existential in the moment and then fade with time.
- Over time the business often keeps working while the market noise calms down.
Duct-Taped Lexus And The Hundred-Bagger Path
- Matt describes a Lexus held together with duct tape as a metaphor for messy journeys to success.
- The anecdote highlights how appearances can hide the hard, patched-up paths to big gains.
Compounding Is A Wall, Not A Catalyst
- Don't expect a single catalyst to drive long-term returns for great businesses.
- Value usually builds brick-by-brick as cash flow, users, and moats accumulate.
