3-Bullet Sunday — July 26, 2020
3 things I've read, heard, or watched this week.
I will be sending out my blog's weekly updates every Sunday for consistency. On top of my weekly posts, I will share 3 ideas I have found interesting for the week!
"You can count the number of seeds in an apple, but not the number of apples from a seed." - Unknown
And so it is with life. We just don't know yet what can come from very small seeds - small and insignificant beginnings can yield huge results.Mastering a trade or skill is seldom a linear curve. It is usually a series of plateaus and eureka moments. Embrace both of them.
"The three most harmful addictions are heroin, carbohydrates, and a monthly salary." - Nassim Taleb
This will ring true for many salaried employees who yearn for something more in their career or felt the tug of entrepreneurship but never did it. Once we start getting a steady paycheck, we become addicted. Not necessarily to the monthly paycheck, but to the lifestyle it buys us.
New Write-Up
How to filter for high-quality compounders?
What's a good way to filter for potentially high-quality businesses?
The farther down the income statement one goes, the more ‘polluted’ profitability measures become. Gross profitability doesn’t ‘penalize’ companies for investing heavily in growth.
A dollar invested in the market between 1973 to 2011 grew to over $80. While the same dollar invested in businesses that have high gross profitability grew to $572 in the same period.
Find out more about this metric by hitting read more below!