The Compound and Friends cover image

Jeremy Grantham, Bubble Historian

The Compound and Friends

NOTE

Miraculous management generating money out of thin air

Magnificent management generated money out of thin air/nTalking a company's worth from a dollar to ten is difficult/nStyle and discipline were important for making money in the past/nDividend discount model and quant products were effective/nMargins of giants haven't mean reverted/nBrand new ideas contribute to our lives

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