Dilution
Dilution is the subtle erosion of ownership. This hidden, persistent addition of new supply of shares leaves shareholders with less and less of the company’s value. Dilution, like inflation, is a silent killer of returns.
5 min read
Dilution is the subtle erosion of ownership. This hidden, persistent addition of new supply of shares leaves shareholders with less and less of the company’s value. Dilution, like inflation, is a silent killer of returns.
Last year on History Channel’s “Pawn Stars”, a gentleman named David walked in with a guitar case. Rick Harrison, owner of the shop and star of the show, inquired, “What do we have here?” As David opened the case, he calmly stated, “It’s a 1963 American-made Fender Stratocaster.
Before producing Michael Jackson’s Thriller and prior to earning 28 Grammy Awards, Quincy Jones tirelessly pursued opportunities and gleaned wisdom from the industry’s finest.
“Investing in stocks is an art, not a science, and people who’ve been trained to rigidly quantify everything have a big disadvantage.” – Peter Lynch What I like about the microcap space is that it is full of people with unique backgrounds. Diversity brings many new perspectives and unique insights,
From 1999-2016, Thiry turned DaVita from a $200 million microcap on the brink of failure into a $16 Billion midcap and the best dialysis company in the world.
All Great Companies Started As Small Companies
“If you look really closely, most overnight successes took a long time.” - Steve Jobs