I first learned about this rubric from Geoff Gannon on Focused Compounding. When looking at a company’s cash flows, one of the things to look out for is Free Cash Flow > Net Income (FCF > NI).
Maybe the business world is deceivingly complex yet simple or maybe my cognitive load cannot bear more than a list greater than 2 or 3 in it, but either way, these legendary thinkers sure make it easy for us to remember what they said.
Inspired by Josh Brown’s collection of essays from notable people in finance, How I Invest My Money, as well as other of DIY personal finance bloggers out there, I’d also like to showcase how I invest.
When I joined The Foundation a few years ago and built a recurring income business for myself, one of the most profound lessons were the ones on marketing.