Why Don’t We Copy Ideas? Star Magnolia Capital advises families to manage their portfolios of great investors. Many investors focusing on public markets manage their portfolios of highly concentrated, long-term investment ideas. Quite often, their portfolios include only 10-20 names and hold the same names for 5-10 years. Sometimes they own the same companies over 20 years (see this
Investing in companies and investing in managers sometime are the same as both decisions are capital allocation; Just think about investing in BRK, is it investing in companies or investing in manager? Should be the same if it is within a coherent framework
Investing in companies and investing in managers sometime are the same as both decisions are capital allocation; Just think about investing in BRK, is it investing in companies or investing in manager? Should be the same if it is within a coherent framework
Yes, I totally agree. And, at the end of day, as Dr Swensen emphasized many times, it’s about PEOPLE!