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An even better metric is someone who publicly makes investments. An excellent non-VC example of this is David Gardener of the The Motley Fool, who publicly anno
by xiaoma 9y ago
An even better metric is someone who publicly makes investments. An excellent non-VC example of this is David Gardener of the The Motley Fool, who publicly announced his stock purchases and rationale before making them. He bought AOL in 1994, Amazon in 1997, Amgen and Starbucks in 1998 and eBay in 1999. In many cases the trades were unpopular for a year or two but you can be sure that his analysis of businesses has carried great weight ever since.
It inspired me to take public positions for many years afterward. While my returns weren't quite as good as his, I learned a ton and absolutely crushed the market for 7 years until getting reckless with margin and learning a less pleasant lesson.
I'm not sure if this blog makes many actual predictions but if so it would be very instructive to track them.