How smart guys get rich
Forbes.com: Digital Rules By Rich Karlgaard
Rich Karlgaard’s latest post at Forbes.com on his conversation with Peter Theil, co-founder of PayPal and now president of the hedge fund Clariam. I think this quote from the post pretty much sums up the process of finding market beating stock investments:
Much of what Peter told me yesterday was off the record. But he did share his deceptively simple investment map. Draw two circles that overlap a little bit. Call once circle “great businesses.” Call the other circle “businesses nobody likes.” The overlap is where you’ll find great investment opportunities.
The post is quite short and linked above. Go over and read it for further background. I am also going to follow the link to some of Clarium’s holdings to see if there are any nuggets that fit my investing style, such as it is.
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So we need to invest in a good business that nobody likes it. I will think about it.