High stakes and higher returns with the Dhandho approach
Comment: Mohnish Pabrai’s book, heavily influenced by Warren Buffett, gets to the heart of the fiendishly simple concept of compound interest
A lbert Einstein is widely credited with the quip that “compound interest is the eighth wonder of the world; he who understands it gets it, he who doesn’t pays it”.
Whatever its origin, this pithy insight is at the heart of long-term investment success. Building portfolios which deliberately seek exposure to great potential upside with little downside is the surest avenue to this success – an approach captured wonderfully in the...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures