It is apt to follow up with this story after Jon’s previous article about
delayed gratification.
I must give credit to one of our Value Investors Club members who brought up this analogy of the way we do value investing using the
CNAV approach – it is like growing bamboo.
I researched about this analogy and found this story:
Bamboo Story
Michael, a farmer, was struggling to provide for his family. He was hoping to have a garden of 80 feet tall bamboo plants. There would be enough bamboo wood to be sold and the money made will provide the family for a lifetime.
He got so excited about this idea that he immediately got down to plant the seeds. He diligently watered the spots every day and were anticipating the shoots to form. Like every human being, he wanted to see results immediately and he couldn’t wait for the plants to ......