Discerene Group LP’s Post

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Given Discerene's emphatically long-term DNA, we think it's appropriate that our inaugural article discusses the issue of investment horizons in modern capitalism! https://lnkd.in/ehy66WZi

On the Special Relativity of Investment Horizons

On the Special Relativity of Investment Horizons

discerene.com

Ryan Bunn

Reference Equity | Portfolio Manager | Global & International Small Cap Equities

4mo

Wonderful article, thank you! Hopefully value investors can stay solvent longer than the market remains irrational. "The “high-quality compounder” momentum investor who was prepared to shell out >40x earnings for Nestle Nigeria in 2014 was replaced by an even more dimly valuation-aware speculator who was willing to pay >10x revenues for Takeaway in 2018, who in turn was replaced by a willfully analytics-free speculator who, in an ecstasy of fumbling, was prepared to pay any price for Rivian in 2021." I have a guess as to what you can put in for 2024's candidate....

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