The Journey
October 15, 2011
Presented by:
Mark Robertson
Founder & Managing Partner, Manifest Investing
markr@manifestinvesting.com
Successful
Long-Term
Investing:
What are the
most powerful
The Journey
lessons learned
from multiple
decades of successful long-term
investing? Join us as we explore
best practices and examine the
key success factors based on
working with the most successful
investment clubs and individual
investors.
Rappahannock (2008-Current)
Overall
annualized
relative return is
(+5.4%)
11
Lost
Decade
13
Be patient. Be disciplined.
Imagine.
14
Do Moats (Quality)
18
Average = -19%
19
Establishing Expectations
Forecasts
1. Growth
2. Profitability
3. Valuation
20
21
Big Picture
Turbulence, Temporary or Terminal?
Thoughts, Actions?
23
www.StockCharts.co
http://www.ritholtz.com/blog/2011/02/qa-paul-desmond-of-lowrys-part-ii/
27
Trends/Forecasting