Someone’s sitting in the shade today because someone planted a tree a long time ago. – Warren Buffett Everyone thinks businesses (and investment portfolios) should be managed for the long term…. until there’s a bad quarter. The pressures of short termism have been widely noted, but now there is some empirical proof that […]
“Okay, maybe I’ll sell a little.” These innocuous words helped to make me a much better investor. When I was a Very Young Analyst at a Very Big Firm, a Brand New Fund Manager, Will Danoff, was one of the first people who listened to my ideas. He bought the very first stock I recommended, and […]