The Books
A comprehensive articulation of investment philosophy built on decades of research and psychological discipline.
Questions & Answers for Allocators
"Where Are the Walmart Billionaires?"
Volume I begins with a simple observation: Walmart has been publicly traded since the early 1970s, creating immense wealth. Yet, aside from the founding family, where are the billionaires who held the stock for decades?
This book explores the disconnect between the availability of exceptional businesses and the ability of investors to capture their long-term compounding. It addresses the fundamental questions that separate successful long-term investing from everything else.
Key Themes
- Quality Identification
- Exceptional Businesses
- Special Situations
- Concentration
Questions & Answers for Allocators
"The Stock Market Doesn't Care About This Book"
What if the market doesn't care about your analysis? This is the question that drives everything. Volume I asked where the Walmart billionaires went. Volume II asks a harder question: what do we do once we know?
Containing fifteen years of investing journals, this volume offers an unfiltered record of decisions, mistakes, and insights. It focuses on patience as an edge and the discipline required to wait.
Key Themes
- Patience as an Edge
- Analysis vs. Conviction
- When to Act vs. Wait
- Psychological Discipline
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Download selected essays and excerpts from the books to understand the Marlowe philosophy.