"The act of
compounding is
invisible in the
short-term, but
ridiculously visible
over the long-term."
James Bullock, portfolio manager at Lindsell Train
“In the last six months, leveraged credit markets have experienced what we call a “lift-a-thon” – almost everything has rallied. While this rally has hit a few speed bumps in the first quarter – due to stickier-thanexpected inflation – the positive trend persists.”
Robert O’Leary, co-CEO and Portfolio Manager at Oaktree Capital.
“Remember that nobody accepts randomness in his own success, only his failure.”
Nassim Taleb, statistician and essayist
“The idea that the future is unpredictable is undermined every day by the ease which the past is explained.”
Daniel Kahneman, behavioural economist and Nobel Prize winner