View Single Post
  #147  
Old 04.07.2019, 16:05
Phil_MCR's Avatar
Phil_MCR Phil_MCR is offline
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,319
Groaned at 268 Times in 174 Posts
Thanked 15,734 Times in 6,683 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Question regarding Fundsmith

Quote:
View Post
haha no need to work for long if you understood compound interest at school.

100 a month invested for 40 years with 12% growth gives you 1.2 Million. Once you realise you need high rates of compound growth then work out how to achieve it.

For me the OUTCOME is more important than PROCESS, the entire financial advise business, being highly regulated puts process & their fees before outcome.

I invested $4000 in BIDU in March 06 & a similar sum in NTFLX (May 07). Both of those investments paid for my Home in Malta, including building an extra floor last year. Interestingly they have been my 2 most volatile holdings ever dropping over 50% of value more than 3 times each over my holding period. Whilst my overall returns were far higher than F.S. During the following 10 years I never found another 30 / 40 / 50 bagger stock. My volatility was huge not ideal in retirement so switched to F.S. for the lower volatility with extroudanary growth potential.
talk of 50 baggers reminded me of this:

http://pages.stern.nyu.edu/~adamodar...owthstocks.htm

not surprising that bidu and nflx were big winners for you: the 'internet' companies with near global reach, (relatively) asset-light requirements and huge operating leverage are obvious candidates for research.
Reply With Quote
The following 2 users would like to thank Phil_MCR for this useful post: