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

TIP569: An Investor's Guide to Clear Thinking w/ Chris Mayer

We Study Billionaires - The Investor’s Podcast Network

NOTE

The Fundamentals That Drive Returns

The fundamentals that drive returns are return on invested capital plus growth rate over time./nThe price you pay also affects the returns you may get./nForecasting return on invested capital, growth rate, and valuation is difficult./nSausenov's law suggests that stocks with thinner research files tend to appreciate more./nFinding the essential elements of a business's success is crucial, while the rest are often less important in the long term./nSausenov emphasized the importance of having skin in the game and the value of ideas that are obvious and exciting./nSome of the best investments require minimal research and internal memos.

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