"I have known no wise people who didn't read all the time — none, zero." – Charlie Munger

CategoryInvesting

Capital Account

C

The Capital Account is a collection of excerpts from client letters of Marathon Asset Management, a U.K-based fund that has outperformed the market by ~4.0% since 1986. The firm’s philosophy (as stated on the website) is that the prospect of high returns will attract excessive capital and vice versa and how management responds to the forces of the capital cycle and how they are incentivized are...

"I have known no wise people who didn't read all the time — none, zero." – Charlie Munger

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