Most of the discussion around investing is either negative & fear-based, or it’s just boring.

The power of long-term investing is to grow your assets to a level that you didn’t even think was possible, right? To grow 10x or 20x or 30x during your lifetime.

That’s very exciting, but most investing conversations are just about risks and fear of loss. The more exciting parts are like gambling – “how do you 10x in the next six months.”

There seems to be no middle ground – between the boring and gambling – of somebody who’s showing how exciting it is to invest on a long-term basis. Yes, it takes patience, but you get these incredible returns—that are bigger than what you would get from “gambling”.

That message somehow isn’t out there enough. Anything around long-term investment is just too dull. It’s just not engaging enough. To some extent we [Dock Street] skew much more towards that boring angle (yes, it can feel like “watching grass grow” – quoted from a client)because we’re just trying to keep people prudent and focused on the long term. And I think that’s not unique to us.

I just want to hit that beautiful overlap of interesting + long-term.

What we’ve done by finding the best companies before they’re obvious — and enjoying that path of growing at 7x or 10x or 15x — is very, very interesting. It takes time and patience and doesn’t happen in two or four years, but it does happen if you do it a certain way. And those results are life-changing.

What’s missing is that these are better than the gains you get from gambling. Much better because (a) they’re actually achievable and (b) because they’re larger in many cases.

Most people are just trying to double their money when they’re gambling. If you’re investing properly on a long-term basis, doubling your money is small potatoes—you’re going to grow 10x or 40x or something like that.

It’s way more interesting than stupid gambling.

– Evan