Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
3 Nov 2021 Acquired Complexity Investing & Semiconductors (with NZS Capital)
“We've talked about it a lot,because you're certainly, in some cases, leaving money on the table (I think) if we're not letting our compounders really express themselves over time.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 3 Nov 2021
- Publisher
- Acquired
Transcript context
…Well, this is so different that you trim it. The canonical VC wisdom is ride your winners as long as possible. The things that are working are likely to continue to work so don't sell. But that's not the approach you guys take. Yeah, it's a really good question. We've talked about it a lot,because you're certainly, in some cases, leaving money on the table (I think) if we're not letting our compounders really express themselves over time. There are stocks, we will let them own them earlier in their lifecycle and let them cross over and the resilient head of the portfolio and we'll do that a few times a year. I think that's forced us to average up if the company given actually buys more stock, potentially at multiples higher than our initial purchase. It's so hard to do.…
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