One investing advice to my younger self
- Ishfaaq Peerally
- 1 day ago
- 1 min read
My biggest regret as an investor is that I didn’t read the shareholder letters of Warren Buffett and didn’t watch the annual meetings of Berkshire Hathaway earlier.
I learned so much from Warren Buffett and Charlie Munger and would have not committed many of the mistakes I did.
But I believe the most important lesson I learned from them is on how to choose the best leaders to manage your money.
They are known to have made deals without any due diligence and just a handshake because they could trust the management.
This is because the management is far more important than the business itself.
Every investment you’re making, you’re essentially hiring the CEO and the management to manage your money.
That’s why when I make new investments now, I ensure that I’m hiring the best.
For example, many of the businesses we own are founder led with skin in the game.
Our largest position, Wise, is a perfect example. Most of the senior management have been in the company for over a decade.
Some are run by non-founders but still with long-term record. The CEO of Booking Holdings have been in the company for over 25 years. When the CEO of Celsius John Fieldly joined the company in 2012, it only had 12 employees. Today it has 1,500.
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