CAI - A Good Start (My Little Conglomerate Q3 2018 Update)
Welcome to the Q3 2018 update of My Little Conglomerate - the first quarterly update since its debut, where I put together a long term experiment with $30,000 of my own real US dollars.
To recap, buying a stock is the same as buying a piece of business. Taking this concept to its logical conclusion - managing a portfolio of businesses is also the same as running a conglomerate of businesses (outside of a few cosmetic differences).
We should invest with the same mindset as a business owner who's operating a group of businesses.