FYI: “I don’t know why people keep using one-year earnings,” economist Robert Shiller once said. “That is the time it takes the Earth to go around the sun. I don’t see any other significance.”
I thought about this line when I recently heard an investor say they were expected to come up with two good investment ideas per year.
I get why those quotas exist. Employers and investors can’t maintain accountability with an infinite leash.
But good investment ideas don’t care that you need to discover one of them by the next solar rotation. They’ll come when they’re ready, on their terms, not yours.
Regards,
Ted
https://www.collaborativefund.com/blog/good-ideas/
