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For those who don't know: Druck compounded capital at over 30% for 30 years. Never had a down year.
by neural_thing 5y ago
For those who don't know: Druck compounded capital at over 30% for 30 years. Never had a down year.
- kasey_junk 5y agoThe point is that for the purposes of the lesson the time horizon is too short to know if a student got lucky or made a good decision based on research and the like. Anecdotally I won one of these leagues in school by picking penny stocks and moving in and out of them a lot. Not the lesson in long term investing the teacher wanted to convey…