Bubblesofearth wrote:simoan wrote:Not at all. Nokia was a rubbish company with poor profitability metrics. Under Steve Ballmer as CEO, Microsoft actually bought its handset business to its great financial detriment. I understand survivor bias all too well and you can cry about it all you want. Buying quality compounding companies is a well proven long-term winning strategy. Buffet and Munger have been doing it for decades before the likes of Fundsmith.
Please do enlighten us with a list of quality companies we should be investing in right now.
BoE
Basic comprehension of English seems to be a struggle for you. Perhaps it's not your first language, in which case I apologise. What do you (and the other poster crying foul of "survivorship bias" )
NOT understand in the post I made earlier in this thread that you also seemed to not comprehend back then either:
The problem with these kinds of observations, is that investing is about the future, not the past. FWIW my own US portfolio has beaten the S&P500 because of very overweight positions in Apple and Microsoft, plus more latterly a large position in the US listed shares of Cameco. But that's not big or clever. Who would've predicted such performance? Not me, especially when Steve Ballmer was CEO of Microsoft and he thought it'd be a great idea to buy Nokia. FWLIW my largest position is in Fundsmith Equity which has managed a not too shabby 15.4% since inception in late 2010, although some of that gain will be due to Sterling depreciation.If only you and your HYP chums were so honest about their performance.