2017年3月13日 星期一

Tom Gayner: "The Evolution of a Value Investor" | Talks at Google




Tom Gayner: "The Evolution of a Value Investor" | Talks at Google

  1. good returns on capital
  2. debt / margin of safety
  3. the management / character / integrity / ability
  4. the reinvestment dynamics of the business / compound interest / McDonald's








27:11

How did you decide who you're going to marry?

27:14

You dated.

27:15

And what's the point of dating?

27:17

It's not really to see a movie, or go

27:19

to a restaurant, or a ballgame or roller skating,

27:21

or whatever you did.

27:24

It's really to spend time with somebody,

27:26

to see if their values overlap enough with yours,

27:32

that you'll be able to get along for a long period of time.

27:34

That's the whole point of dating.