Starting a pinned thread of mini book reviews. Books I& #39;ve read from now til end of 2019.

This Is How You Lose the Time War by Amal El-Mohtar and Max Gladstone

Great book, beautiful prose, half in epistolary form.

Two time traveling agents on opposing sides of epic struggle start to exchange letters and fall in love.

Recommended it to my wife.

The Acquirer& #39;s Multiple by @Greenbackd

Think Greenblatt& #39;s Magic Formula, but with fair companies at wonderful prices, instead of wonderful companies at fair prices. Results best the Magic Formula over the 44 observation period. Greenblatt& #39;s is free, though.

Recommended.

Was curious about 10 and 20 year performance, since it& #39;s not mentioned in the book ($50mil+).

Rolling 10 year performance (CAGR) TAM / S&P total return:
max: 38.5% / 19.2%
min: 8.1% / -1.4%
Out(under) performance:
max: 24.6%
min: -6.0%

There were 5 straight rolling 10 year periods of underperformance (ending 1995 - 1999).

Rolling 20 year performance (CAGR) TAM / S&P total return:
max: 25.9% / 17.8%
min: 15.5% / 7.7%
Outperformance:
max: 13.3%
min: 1.6%