John Jacob Astor traded beaver pelts for Manhattan land, and three generations lived off the rent. Then the fortune was split and spent. Rothschild and Rockefeller had two things the Astors did not.
Investor portraits
Real people, real methods, and what each of them paid for it.
30 articles
The Astor formula, and what Rothschild and Rockefeller added
12 min read
Koos Bekker, the man who held Tencent for fourteen years
Koos Bekker put 32 million dollars into Tencent at the point of maximum pessimism, then held for fourteen years without selling. On the discipline of holding, capital allocation, and building a career from nothing.
13 min read
Duan Yongping: The Man Who Calls His Hundred-Million-Dollar Gain a Mistake
Duan Yongping made hundreds of millions of dollars on GE and still files it under mistakes. A portrait of the investor behind OPPO and vivo, and of the double filter that rules a company out before valuation begins.
23 min read
Wang Yung-ching and the low-cost moat
10 min read
Fayez Sarofim, the Sphinx of Houston who sat still
From 100,000 dollars and his father's instruction not to draw a salary, Fayez Sarofim built a 30 billion dollar empire on something rare: patience. A portrait of the Sphinx of Houston.
9 min read
Prem Watsa, Canada's Warren Buffett
10 min read
Donald Yacktman: catch the wind
9 min read
Marty Whitman: safe first, cheap second
8 min read
Seth Klarman, the Oracle of Boston
6 min read
Hetty Green, the first value investor
7 min read
Allen & Company's third generation: Herb III
8 min read