Shay Boloor relays Bill Ackman’s view that a major investing edge is underwriting businesses 3 to 5 years out, framing volatility as the cost of long-term compounding in names like AMZN, META, and GOOGL.
Bill Ackman said one of the biggest edges in investing is being willing to underwrite a business 3-5 years out
which is why he owns $AMZN, $META & $GOOGL.
Volatility is the price you pay for long-term compounding
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