⁠Finding Compounders
“Once the holding period extends into the 10 year and 20 year range, returns are mostly entirely explained by fundamentals. In the long term fundamental matter”

Source: Seilern Asset Management https://t.co/wUzducZO7f
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⁠Finding Compounders
The primary role of management is Capital allocation.

But as Buffett notes , most heads of companies are not skilled in Capital allocation.

This extract explains why .

Source : Capital Returns (https://t.co/go4H211EyZ) https://t.co/3hb0XTxnsp
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⁠Finding Compounders
Warren Buffett on the most important quality for an investment manager https://t.co/o11lWAJKoR
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⁠Finding Compounders
Bill Nygren, a portfolio manager at Oakmark Funds, has returned 12.19 annuliazed since inception compared to the S&P’s 9.78% https://t.co/mtUyn3ChPw
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⁠Finding Compounders
Pat Dorsey explains the importance of assessing a companies reinvestment opportunities https://t.co/rVzc4pccBN
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⁠Hidden Value Gems
Never realised you could get £15k of benefits - comparable income to some tough low-paid jobs.

Sounds like a sensible move to me and long overdue although I may miss some important details…

#UKeconomy https://t.co/D2VMWt6Bam
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⁠Finding Compounders
Taxonomy of Moats

Source : Jerry Neumann https://t.co/yZAs1Rweup
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⁠Investing visuals
$SOFI member growth 👌 https://t.co/Ak8oDmVopq
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