In his latest Q4 2021 Letter, David Poppe discusses arguing with Mr. Market. Here’s an excerpt from the letter: At various points we pruned Alphabet, Carmax, Arista Networks, Credit Acceptance, Eurofins, and JP Morgan. Of those, we reduced JP Morgan to make room for M&T Bank, but the others were … Read More
David Poppe: How To Earn Good Returns When You Get Market Sentiment Wrong
In his recent presentation at the Ben Graham VIII Annual Conference, David Poppe explains how you can still generate good returns over a longer time-frame, even if you get market sentiment wrong. Here’s an excerpt from the presentation: On the other hand a person with a five-year time horizon has … Read More
David Poppe: Investing Is A Bit Like Pro Sports
In his latest letter to shareholders, Giverny’s David Poppe explained why investing is a bit like pro sports. Here’s an excerpt from the letter: The truth is, people trade a lot because trading a lot is fun, at least when the market is rising. I play tennis at a club … Read More
David Poppe: Why Investors Miss Out On 100x Multibaggers
In his latest shareholder letter, David Poppe of Giverny Capital discusses the reason why investors miss out of 100x multibaggers. Here’s an excerpt from the letter: A few months ago, a client recommended a book to me called “100 to 1 in the Stock Market.” Written in 1972 by Thomas … Read More