I think it can work really well over
a really long time horizon for an individual investor who isn't trying to make a career out of this.
I think it can work really well over
a really long time horizon for an individual investor who isn't trying to make a career out of this.
I know you think a lot about this because you've got
this really long time horizon, and you think about it very technically and quantitatively.
Not exact matches
If Exxon's compensation committee wishes to
really enforce
longer term views, they must not only do it in the
time horizons over which pay is doled out but also in the
time horizons of the metrics used to determine pay itself.
GREENBLATT: Right, well the idea
really was is that when you give a gate, every September or October, people have to decide whether they want to lock up for another year or two, when you have monthly liquidity, you're never forcing them to make a decision maybe the wrong
time, they can always have their money and it's not a signaling device to say you should have a short
time horizon, actually for what we do, you need a
long time horizon.
Video games adaptations have never
really made for good movies, but much like comic - book movies, which were pretty crappy for a
long time, it feels like a turning point may be on the
horizon.
Because the
time horizon is so
long for many retirement portfolios, the bite that these fees can take
really compounds over the years.
I
really recommend reading the full letter, but for beginners interested in developing your own investment philosophy, read the Fortune piece, as it will help you understand the importance of having a
long term
time horizon as well as the importance of viewing stocks as businesses, and not pieces of paper to be traded back and forth.