If there is one book in life you have a chance to read, then this is the one. It’s an inspiration beyond words. Such a nice biography on how the world brings luck when you put hard work/effort to it.
This is a life’s take by the author - from being born to a single mom in a small town to how he works his way through life (Harvard, MBA, managing Multi billion in funds) ! There surely are many inspirational lives, but to know eddies is a privilege!
(I am a person from other part if the world and have no link to the author except for being a reader )
INVESTING IS PART ART AS YOU CAN NEVER BE TOTALLY SURE WHAT TAKES PLACE WITHIN A COMPANY'S WALLS. ITS PART SCIENCE BECAUSE YOU HAVE HISTORICAL NUMBERS.
T Rowe Price started the revenue model as a % of FUM in 1937. Was the original growth investor.
Competence, preparation, and unbridled ambition and optimism all help with starting own firm. Having enough cash not to draw a salary for 3 years is also important.
We are willing to pay a much higher PE for a given growth rate in a low PE environment.
The tale itself is inspirational, but for me, the style detracts from it somewhat. It is written in an understated, matter-of-fact, "journalistic" manner, presumably to let the tale tell itself. I would have preferred it to be a bit more personal. This is an autobiography after all. It is also written in the present tense which makes me feel odd since it is all about the past.