Read? The shocking truth about growth investors???
In 1996, Remisier King, Peter Lim became a full time investor, investing $10 million in palm oil producer Wilmar International. He sold his holding in palm oil giant Wilmar 2 years ago in 2010 for $1.5 billion. (i.e. $10,000 to $1.5M)
Assuming he bought on 1 Jan 1996 and sold on 31 Dec 2010, his XIRR over 14 years is 40% or 14,900% Capital Gain.
Absolutely crazy return!!!
What do these growth investors have in their investing mind???
Their absolute confidence in themselves to ride out stock market price volatility and uncertainty throughout many market and economics cycles.
Life in the stock market is absolutely fair. Those who panic at small profit taking will never make it big in the stock market.
...
