Daily Archives: March 31, 2021


What I Have Been Reading – March 2021

Valuations Not giving a damn about current income is the secret formula that sets you free from all terrestrial bounds of physics and logic. The way you pull it off is by executing on growth at any cost (GAAC?). Profits can come later once the market share battle is already won. Shareholders are willing to wait. And why wouldn’t they be patient. None of the money is costing anyone anything. The Reformed Broker     Market Leaders We were buying Yahoo 15 years ago instead of Google, because Yahoo had a bigger market share, they had a bigger moat, and it was a lot cheaper than Google. We were buying […]