The Intellectual
Investor’s
Lexicon
By Vitaliy Katsenelson
G
Getting Rich Slowly
Buy into our philosophy — we are the ‘getting rich slowly’ people.
Good Company vs. Good Stock
A good company becomes a good stock at a certain price, not at every price. If tomorrow it started trading at $500 (100 times my approximate EPS estimates) it would still be a great company, just not a great stock.
Good Problems
Any creative activity that brings us long-term happiness has friction, which is often accompanied by pain, which is what we usually call problems. I call them good problems.
Growth Demagogues
Growth demagogues will argue that valuation is irrelevant for high-growth companies because the price you pay for growth doesn’t matter.
