#210: Umberto Fedeli Round III — Patience & Persistence, Progress & Perfection, Rationality & Uncertainty

Rediscovering Happiness Through the Eyes of Grandchildren When people ask me what excites me most these days, they often expect an answer about business deals, investment opportunities, or political developments. Instead, my answer is simple: watching our grandchildren play, laugh and interact. There is something special about seeing little children at play. I watch our […]

There are fears and uncertainties in the world that keep public markets fluctuating from one day to the next. But there are some fundamental truths that separate long-term investors. Sophisticated investors understand that volatility is not the same as risk. Risk is the potential for permanent loss of capital, while volatility reflects short-term price movement […]