Value Pain Train

Two pieces today since one is just a chart.

First, a beauty of a PDF from Star Capital on value cycles…you can see how 2009-2016 was a big growth cycle (until around the election).

Second, is a PDF compilation of Munger speeches etc from an individual investor Yanan Ma Bledsoe.  It’s from 2012 but so much of what Charlie says is timeless…

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Downloads

Website

http://www.starcapital.de/