Think Long Term

Today is my parents 59th wedding anniversary. They are beautiful people, who I love with all my heart. They have a marriage that is strong and beautiful. They raised a wonderful family (I am biased) and they have 7 wonderful grandchildren. (Again biased).

Like any marriage, they have had their ups and downs. But not in a dramatic volatile sense. Not at all like Moviepass! or HMNY:-)

If my parents were a stock they would be a lot more like a PACCAR than HMNY.

PACCAR is a wonderful story that evolved from humble origins in a very specific industry and evolved to be a dynamic leader across many different important areas of trucking. And all along the way PACCAR benefited it’s many stakeholders many times over. They consistently outperformed the market for many years.

PACCAR has had 79 years of sequential profit. Along with a very impressive return to shareholders.

In a metaphorical sense, that sounds a lot like my parents. They started with nothing more than a love for each other, and an idea of a great future together. The next 59 years were full of hard work, evolving, and delivering great results. My parents are a living example of an organization worth investing in. They have outperformed most, and evolved well over the years.

My father, now retired,was a CPA who understood businesses, mathematics, the importance of thinking long term, and betting on the power of compounding.

He taught me the power of investing long term and the wonders of compounding interest at a very young age.

He was wise enough to invest early in Costco, Microsoft and a few other great companies over the years. Well before these companies had become household names. He saw small investments turn into substantial positions, and he has been eager to share the power of those experiences with his family, friends and clients.

My mother was a homemaker, in the most traditional sense. She was massively dedicated to the success of our organization – our family. And she would stop at nothing to ensure we all had a bright future. She was the best CEO you could ever hire. And her employees- us kids! Loved her and still do in retirement.

My parents have taught me that thinking and acting long term delivers superior and very satisfying results. It takes time to build something big, strong and meaningful. It takes work, sacrifice, and some flexibility to get there. And the journey truly is the joy of the experience that makes the investment worthwhile.

Will HMNY turn out beautiful like my parents marriage. I don’t known. So many end up in divorce these days!

What I do know. It takes years to develop something big, beautiful, strong and unique. Adjustments and flexibility keep the mission alive. Giving up is usually worse than sticking it out. Time can deliver incredible results.

Maybe Moviepass and HMNY can take a lesson from my folks!

Happy Anniversary Mom and Dad!