a Reza POV
Historically (from 1965 to 2023), Berkshire Hathaway has achieved a Compound Annual Growth Rate (CAGR) of approximately 19.8%. While this figure may seem modest compared to the "anomalies" of short-term trading gains, it is extraordinary for the following three reasons...
BCA survived a 1998 bank run and state takeover to become Indonesia's largest listed company, built on the cheapest, stickiest deposit base in the market. A look at the quality, and the price now attached to it.
Bitcoin's 21 million cap and gold's geological scarcity earn trust the same way, but the trust itself is relocated, not eliminated. Warren Buffett's rat poison squared and $25 quotes fact-checked against CNBC.
Paper money and gold earn trust from opposite qualities: one from circulation, the other from staying inert. Why Warren Buffett refuses to own gold, fact-checked against his 2011 Berkshire letter and the real origin of his famous Mars quote.
Most of Norway's sovereign wealth was never under the seabed; it was created by markets, by capital planted early and left alone to grow. That fact is the entire argument for sovereign wealth funds, and the right lens for judging Danantara.
When it comes to investment returns, a disciplined employee today can get remarkably close to what a professional pension fund delivers, and sometimes do better. But matching its certainty is the part that's genuinely difficult.
On 4 November 1890, the City & South London Railway became the first deep-level electric tube railway in the world. Within a century, more than two hundred cities on six continents would be built around its logic.
Me, Reza Fahlevi. I would like to begin my first post by sharing my personal introduction to the world of stock market investing. I was first exposed to investment concepts during my university years, when I studied Economics with a major in Accounting at Syiah Kuala University in Banda Aceh...