Softbank is in interesting company, I’m quite bearish on their future but Masa Madness story was a well written and super interesting story. What else?
Some great reads:
Enduring Drawdowns in Wonderful Companies
…’Third, and not surprising, long term shareholders must endure multiple, and sometimes painfully long drawdowns to reap great rewards. This would confirm that the hardest part of investing is often just holding on.’
One of the best articles I read last week.
Compounding is easy to underestimate because it’s not intuitive, even for smart people. Michael Batnick once explained it. If I ask you to calculate 8+8+8+8+8+8+8+8+8 in your head, you can do it in a few seconds (it’s 72). If I ask you to calculate 8x8x8x8x8x8x8x8x8, your head will explode (it’s 134,217,728).
Goodluck this week.