“All the math you need in the stock market was taught in the fourth grade.”
PETER LYNCH
Simplicity is the core of absolute conviction.
In the words of the Magellan Maestro himself: investing is an art, not a science.
Hence, the majority of investors today ruthlessly translate every piece of financial information they consume into meaningless quantitative data, diluting their theses.
People seem to forget the elementary yet enduring principles that actually make up a good investment. They intentionally ignore basic postulates in face of pointless models and projections, watering down the fundamentals of investing and sacrificing any relevant conviction to their thesis.
WATCH: Bill Ackman’s Best Trade… it took four hours.
Using simplicity to foster conviction.
Ackman embodies what it means to embrace traditional, fundamental concepts and shed the need for fruitless models.
The Grigshaw Gist
1.
Keep. It. Simple.
Embrace well-rounded, simple theses.
2.
Ignore the Unnecessary.
Don’t be fooled by dazzling data, models, and projections.
Grigshaw Capital 