🏰 How to ruin your life
Hi Partner 👋
Welcome to this week’s 📈 free edition 📈 of Compounding Quality. Each week we talk about the financial markets and give an update on our Portfolio.
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It’s #QualityTuesday!
In this series, you’ll learn 5 things about the stock market in less than 5 minutes.
1️⃣ Naval Ravikant
The Almanack of Naval Ravikant is a must-read for everyone.
I summarized the essentials in 21 lessons:
2️⃣ How to ruin your life
Just imagine playing Monopoly and never buying any assets or investments that generate income.
You just collect your starting money every time, giving it to the rich and trying to stay out of jail.
Sounds ridiculous. Isn’t it?
And yet it’s how most people live their lives.
Don’t be this way. Invest in assets that make money for you while you sleep.
Source visual: David Henning
3️⃣ One simple investment quote
Did you know that the difference between a stock's 52-week high and 52-week low is usually 80% (!)?
Keeping your emotions in check is probably the most important thing in investing.
“Until you can manage your emotions, don't expect to manage money.” — Warren Buffett
4️⃣ Survey
The Wisdom of Crowds is amazing.
Help Compounding Quality become better by answering these 5 questions.
I am handing out prizes for people who take 3 minutes to help:
A signed copy of The Art of Quality Investing
A 1-month subscription to Compounding Quality Premium
A 1-year subscription to Compounding Quality Premium
5️⃣ Example of a Quality Company
Old Dominion Freight Line is the fourth-largest less-than-truckload carrier in the United States. The company is by far one of the most disciplined and efficient providers in the trucking industry.
Profit margin: 21.2%
ROIC: 26.8%
Forward PE: 28.4x
Expected EPS growth (next 3 years): 18.2%
CAGR since IPO: 19.8%
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Everything in life compounds
Pieter (Compounding Quality)
Book
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Used sources
Interactive Brokers: Portfolio data and executing all transactions
Finchat: Financial data
Do you ever sell any of these great investments? If so, what is your sale criteria?