Stony Brook University · October 19, 2026
Compounding Ownership
A framework for compounding ownership
The lecture connects business cash generation, share ownership and disciplined reinvestment. It outlines cash-flow-based portfolio selection, covered calls and cash-secured puts, then examines leverage, tail risk and the limits of backtesting.
Reading the evidence
Hypothetical backtests, founder-account illustrations and fund-related statements are distinct. Holdings and figures reflect the dates and qualifications printed on the slides; founder-account results are not fund performance.
Read the original slides for the full methodology, risk discussion, citations and performance qualifications. The PDF is preserved unchanged.