Sunday, February 2, 2014

Another Thought About The Outsiders

I'll say one thing about The Outsiders: Thorndike knows his audience.

Value investors want to live vicariously through the great successes who crushed it during the inflationary, low interest rate era by owning assets with a lot of leverage.

Running a company like Berkshire where you get to hobnob and buy and sell companies is the modern equivalent of being Alexander the Great.

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