Compounding isn't a shortcut to wealth.
It requires a lifetime of saving and regular investment.
And then one decade at a time, you grow rich.
Held for 10 years, an inexpensive inferior company can hurt.
Held for 10 years, an expensive superior company can help.
Of course, an expensive inferior company is disaster.
And an inexpensive superior company is delight.
5 years from now, will Starbucks be more or less relevant than it is today?
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1,648 votes • Final resultsIn what scenario does cybersecurity become less relevant over the next 20 years?
Price discounts on **just the best and most innovative companies in this category** look like smart 10-year investments to me.
Disagree? Agree?
I view Elon Musk buying Twitter as risky for him but very favorable for Tesla long term.
Musk risks his Tesla stock to make the acquisition. But that's not a capital/operating risk to Tesla.
Meanwhile, Tesla gains marketing access to 300 million+ monthly users.
Disagree/Agree?
If I had:
- a portfolio of 25+ stocks
- a 5+ year time horizon
- a commitment to invest for life
I would certainly buy Bitcoin today and make it 3-5% of my portfolio. $BTC
Among the harder things is simply NOT to sell out of the stock market during the inevitable down times.
At 12:30PM Eastern Time today, I’ll be answering questions live on the Walker Webcast, from Walker & Dunlop (NYSE: WD).
Walker & Dunlop is up over 10X since its IPO around 10 years ago. I expect it to continue beating the market over the next decade.
walkerdunlop.zoom.us/webinar…
Most digital assets, most cryptocurrencies, and most NFTs will expire worthless.
That doesn’t mean this area won’t be rich with opportunity and discovery.
But most (greater than 90%) will expire worthless.
Disagree? Agree?
Investing
WHAT WINS
Patience
Business focus
Dollar-cost averaging
WHAT LOSES
High emotions
One-year goals
Leverage
Focus on valuation, and you’ll sound smart in the short term.
Focus on business performance, and you’ll sound smart in the long term.
(And, with stocks, most of the money is made over the long term.)
I find it hard to believe that @Airbnb won’t beat the market and make investors plenty of money over the next decade.
Strengths
- superior product dev approach
- $6 billion+ net cash
- founders own > 30%
- market leader
- brand
Regulations = my primary concern
Agree? Disagree?
Dynamic markets recover. And, as that happens, a diversified portfolio of quality growth companies snaps back, too.
Not all stocks rebound. There WILL be losers. But overall portfolio performance rebounds.
It just takes time, composure, and a commitment to lifelong investing.
Many investors vastly underrate leaders that have soul in the game.
Running a public company isn’t for the faint of heart.
For most companies to be sustainably great, they need lots of soul in the game.
When you find great leadership teams, buy shares for a very long time.
If your investment time horizon is 5+ years and you have a diversified portfolio of 25+ companies…
… weekly stock prices are mostly meaningless.
Emotionally painful at times, yes.
But mostly meaningless.
In a hard time for growth companies in the public markets, I met with my brother @DavidGFool to talk about lifelong investing.
open.spotify.com/episode/0MN…


