Just some quick perspective n great investments.
I was operated on last week by a da Vinci surgical robot. Turns out that my surgeon was one of the pioneering surgeons who used the machine through clinical trials prior to the FDA giving it approval. That was way back in 2002 or so.
I believe the Fool began recommending shares a year or two later. Folk can chime in there.
Shares of ISRG were never cheap, never, not even once, except perhaps once, but no time to go into it now.
Point being, that is what a great investment takes, and that is time, and dedication, and devotion to the business, and ignoring all the “drama” as so much drama surrounded ISRG and much of it still does.
Cynicism of course, as n one can predict these things it will be said, and even AOL had its nadir. True, true, but the point being is that when you find such a rare company, toss out the drama, filter the noise, and move on with young ur life, being great at what it is you do, always adding each month to your port and let the rest of the world rant and rave and panic.
Our purpose here and now is to find investments like this. Something I enjoy. At least for me, one element needed is to understand what we are looking for and why. ISRG exemplifies this.
I will leave more analytical talk to future posts, but her people is one example we can wrap up to show the true power of CAP and TAM and focus, persistence, and tossing out the 95% of stuff, the “drama” that not only does not matter but that is hazardous to your wealth.
I wonder Howe many shares my surgeon bought or received and if he held them or listened to his financial and tax advisors and diversified and sold. I hope he was too busy and just kept being brilliant at his life and never sold a share.