flâneur

Essay about impact and duration - 03-13-24

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When I was in business school with dreams of becoming a successful investor, I must admit the endeavor felt like something of a game. The object was to win by scoring more than “the market” and, beyond that, to put up the most points. Although deep down I knew it to be false, there was a sense in which everything was about the score, as represented by a compound annual growth rate. Today, I want to “win” as much as ever, but now I experience our CAGR not as a score but as a collection of the experiences of actual people. I think about the Partners who have been with Greenlea Lane for a long…

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