The Hardest Day to Invest is Always Today [Capital Allocators] – “One of my earliest manager meetings was with Jeremy Grantham in 1992. He made a compelling case that the bull market of the 1980s had run its course. Around the same time, I learned about Warren Buffett and considered buying Berkshire Hathaway stock. At $12,000 per share, BRK.A was beyond my means.
I assumed I was too late – the easy money had already been made. But in hindsight, I was standing at the starting line of one of history’s greatest bull markets.”