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Thought of the Day #7/2021
The Little Strategy That Beats the Market
Or like Mohnish Pabrai put it: ComLB 26
Here is the straightforward way to compound at least 26% on the stock market annually. Do you want to know how? Then this article is for you.
Recently I have watched a few videos by the famous investor Mohnish Pabrai. He created his fame with two activities:
- Building businesses and start investing
- Paying 650,000 Dollars for dinner with Warren Buffett
In his speeches, he frequently points out that he came across Warren Buffetts way of investing back in the 90s. Since then, he focused on beating Warren Buffetts average rate of return or working on this goal while creating above-average annual returns.
Mohnish has coined his vision into the term
ComLB 26 which he has put on his californian license plate
Why ComLB 26?
What is an excellent performance for funds?
This is one of the most interesting questions for people who want to invest money to create generational wealth.