The Infant Learner
Some stuff I read this week:
A. This week’s Special:-
The Process of Intelligent Investing Building a Great Investment Firm: Scott Mille
Scott Miller is the Founder of Greenhaven Road Capital, a boutique investment partnership that seeks out off the beaten path investments, modeled after the early Buffett partnerships. The firm is built on the belief that a focused investment manager can outperform an index by limiting fund capacity and by concentrating exposure on a few great ideas over a long time horizon. Experience as an owner-operator of businesses influence Greenhaven’s approach towards partially-owning companies rather than merely picking stocks.
Prior to founding Greenhaven Road, Scott co-founded Acelero Learning, serving in a variety of roles over a decade from CFO to CTO, to Chief Strategy Officer to his current role of Board Member. Acelero Learning has grown from three people in an office “cube” in New York City to 1,100 employees serving 5,000 children across four states. Additionally, Scott managed a manufacturing business, with responsibility for hiring, firing, planning inventory, negotiating with suppliers and acquiring customers at a reasonable cost.
Scott holds an MBA and a Masters in Education from Stanford University. This led to the development of Greenhaven Road Capital, a boutique investment management firm with the patience and confidence to step outside of the norm. Scott’s experience in private equity and for-profit education has strongly influenced Greenhaven Road’s investing style and is the source of our confidence to be contrarian, patient, and opportunity-focused.
Recently he was interviewed at manualofideas.com. Click the link given below to listen to the interview:
B. Entrepreneurial Diary
C. Other Stories
Problem-solving ( JF )
Easiest path to Riches ( OC )
The Purpose Of Money ( VI )
Proceed, but with caution ( RC )
Why Everyone Should Write ( CF )
SageOne Investor Memo Aug 2017 ( SO )
Chasing Performance & Behavior Gap ( PY )
Returns on Capital and an Investment Idea ( BH )
Metaphorically speaking about business and investing ( ET )
A Dozen Things I’ve Learned about Great CEOs from “The Outsiders” ( 1Q )
“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett
“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger
You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”- Carol Dweck