Rule Breaker Investing by David Gardner
David Gardner gave this presentation on Rule Breaker Investing at the MicroCap Leadership Summit in 2020.
1 min read
David Gardner gave this presentation on Rule Breaker Investing at the MicroCap Leadership Summit in 2020.
If you aren't excited about the future, you are in the wrong investments.
Peter Lynch had 300% turnover per year in the early years of the Magellan Fund. Joel Greenblatt had similar turnover at Gotham Capital. Even Warren Buffett’s public company portfolio ranged between 50-100% turnover per year during his first three decades
Connor Haley and Garrett Finn from Alta Fox Capital explain their findings from researching global multi-baggers.
Becoming a full-time private investor is the pinnacle of financial achievement. Why? You don’t need the help of others for anything. You don’t need a boss. You don’t need clients. You don’t need customers. You don’t need their money. You have your own.
Michael Shearn is a fund manager, author, who explains his process of finding great leaders and companies.
It’s frustrating watching investors get a better price than you when they did half the work you did. You did the work. You held on when no one else would. You deserve to gain the most for what you’ve been through.
I was recently on the Chain Reaction Podcast hosted by Tom Shaughnessy and presented by Delphi Digital. In this episode I talk about microcap investing, the origination of MicroCapClub, and the search for 100-baggers. I hope you enjoy it. You can listen via iTunes, Spotify, or listen on YouTube below:
It’s only when you look back over a 10-20-30+ year investment career do you realize the ultimate prize is survival.
Just like a fingerprint each one of us will be different. Don’t be afraid to be unique. Be afraid if you’re not.
When I read long-form investing articles I copy and paste the portions I connect with into word documents and categorize them into folders. I’ve accumulated around 500 files in 85 different categories. I have files for “ROIC”, “long-term”, “concentrated”, “position sizing”, “averaging down”, “averaging up”, “fear”, “jealousy”, “over-confidence”, etc.
In 2000, Intuitive surgical raised $46 million in its IPO. In 2001, ISRG hit a low of $131 million market cap, and today is a $70 billion market cap. ISRG stock has risen 9,800% since its IPO.