View Online | Sign Up | Advertise Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better. Today's Issue Read Time: <3 minutes
Friends, Capitalism gets a bad rap. Much of it is deserved. The biggest problem: short-sighted capitalism is a repeated disaster...for the public at large. Whether it's banks making risky bets or manufacturers tainting our drinking water, the dynamics are the same: the perpetrators get off scot-free; the public at large pays the price. But that isn't always the case. If you want a shining example of what capitalism can be, it's Costco. Consider how it plays out for all of the stakeholders:
How does Costco pull this off for shareholders? By ensuring membership fees are the bulk of profits. The popular narrative is that success for any one of these groups is mutually exclusive. Any benefits come at the expense of others. But it doesn't have to be that way. In fact, the blueprint is very simple.
The problem: this is the least sexy blueprint of all time. It requires a management team to eschew greed and keep their eyes squarely on the long-term time horizon. But as you well know, the long-term horizon is the only one where you can sustainably prosper. That's why we're happy to have you as part of this newsletter community. Wishing you investing success, - Brian Feroldi, Brian Stoffel, & Brian Withers One Simple Graphic: One Piece of Timeless Content: Morgan Housel, the author of the bestseller The Psychology of Money, has spoken to hundreds of groups about investing & thinking long-term. But his blog post, Overcoming Your Demons, takes a different turn. You'll hear about the 14 words that changed Morgan's life. One Thread:
One Resource: Need an estate plan but don't know where to start? Check out this guide for the eight steps to building these important life documents. One Quote: 👋 LAST WORD How are we doing? We love hearing from readers and are always looking for feedback. How are we doing? Is there anything you'd like to see more of or less of? What aspects of this newsletter do you enjoy the most? Just hit reply and say hello – we'd love to hear from you! Cheers, More From Us: 📗 If you've read Brian Feroldi's book, he'd love a review. 👨🎓 The next cohort of our Valuation Explained Simply course starts in May! Click here for details. 🎬 Want a review of popular company earnings? Check out our YouTube channel! Last week, Brian Stoffel reviewed Crowdstrike's stellar results and covered why Sea Limited is investable again. |
I teach investors how to analyze businesses. Each Wednesday, I share six pieces of timeless content that can be read in less than 2 minutes. Read by 100,000+ investors from a16z, Amazon, Google, Microsoft, and more.
View Online | Sign Up | Advertise Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better. Today's Issue Read Time: <2 minutes Lesson: Why emergency funds are so important Timeless Content: Top cybersecurity companies analyzed Thread: How to bullet-proof your finances Resource: S&P 500 P/E Ratios And more! Together with Finchat Brian Feroldi using Finchat A good chart can relay information 10x faster than text alone. That's why I've become a power user of Finchat....
View Online | Sign Up | Advertise Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better. Today's Issue Read Time: <2 minutes Lesson: When the world changes Timeless Content: The future of transportation Thread: Learning from master investors Resource: Mr. Money Mustache talks with the Mad Fientist And more! Sponsored by: SureDividend The Dividend Kings | The Best-Of-The-Best Dividend Stocks Thousands of publicly traded companies have a dividend – that means they...
View Online | Sign Up | Advertise Welcome to Long-Term Mindset, the Wednesday newsletter that helps you invest better. Today's Issue Read Time: <2 minutes Lesson: The importance of valuation Timeless Content: Morgan Housel and Howard Marks talk debt Thread: Understanding margin of safety Resource: A free summary of Warren Buffett's investing lessons And more! Learn how to value companies like the pros: Warren Buffett. Peter Lynch. Terry Smith. Stanley Druckenmiller. All of these legends know...