|
|
|
|
|
|
by skmurphy
840 days ago
|
|
|
I would characterize them as a conglomerate operating in multiple lines of business that rely on a financial perspective and a sound investment thesis for much of their decision making. Unlike a mutual fund or most other investment firms they make very few investments or divestments over time. The thesis I am fighting against is that all it takes to become a successful investor is a big pile of cash. There many many counterexamples. Buffet and Munger at Berkshire Hathaway prove a different point: a sound investment thesis pursued diligently to enable compounding can yield very attractive returns. |
|
|