Charlie Munger will probably go down in history as one of the finest investors and “everyday” philosophers. Who is Charlie Munger? In case you don’t know, Charlie Munger is vice chairman of Berkshire Hathaway and has been regarded as Warren Buffet’s partner over many decades. Munger is also on the board of Costco (we made…
Terry Smith, the CEO/CIO of Fundsmith, writes an interesting annual report that is well worth reading. He goes one step further than most money managers by delving into a range-wide of subjects, usually with the intelligent and sarcastic British humor. The letters are not so long, but as a reference, we have quoted the most…
Terry Smith, the CEO/CIO of Fundsmith, writes an interesting annual report that is well worth reading. He goes one step further than most money managers by delving into a range wide of subjects, usually with the intelligent British humor. The letters are not so long, but for my own personal reference, I like to quote…
The models that dominate all human decision-making today are duly heavy on simplistic logic, and light on magic – a spreadsheet leaves no room for miracles. But what if this approach is wrong? What if, in our quest to recreate the certainty of the laws of physics, we are now too eager to impose the…
Terry Smith, the CEO/CIO of Fundsmith, writes an interesting annual report that is well worth reading. He goes one step further than most money managers by delving into a range-wide of subjects, usually with the intelligent British humor. The letters are not so long, but for my own personal reference, I like to quote what…
I currently reread Victor Niederhoffer’s The Eduction of A Speculator. I regard this book as one of the best I have ever read. It’s not an easy read, but it completely changed my mindset for the better 20 years ago. What makes this a good book? Because it explains the foundation and principles for successful…
I believe it’s important to read, but at the same time being careful what to read. Quality is much better than quantity, and reading twice, in my opinion, is more valuable than reading more. I read The Intelligent Investor for the first time in 2015, and in December 2019 I had the pleasure of rereading…
Lucius Annaeus Seneca, better known as Seneca, was born in Cordoba, Roman Spain, in 4 BC and died in 65 AD. He grew up in Rome as a son of a procurator who was an authority in rhetoric, public speaking and debate, and I guess Seneca learned from his father. Seneca is known for his…
In this article, we look at the meaning of scalable and non-scalable professions and careers – scalable vs. non-scalable. What you choose might have a significant impact on your life. The word scalable is in Merriam-Webster defined like this: 1 : capable of being scaled 2 : capable of being easily expanded or upgraded…
I guess most readers of my website have read books by management gurus like Jim Collins and Tom Peters, and many more have probably studied Micheal Porter’s Competitive Strategy. But the “problem” with the business theory is that it’s solely built on case studies and has not been tested scientifically. Matthew Stewart’s The Management Myth…
I believe Buffet’s annual letters are an invaluable source of investment knowledge and advice. I recently reread all of them and Lawrence Cunningham’s The Essays Of Warren Buffett – Lessons For Investors And Managers, a book containing excerpts from all the annual letters. This is timeless investment quotes valid for all investors no matter your…
Some weeks ago I published an article about what investors and traders can learn from Atul Gawande’s The Checklist Manifesto. I like to take notes when I read (see my notes on the pic to the left, excuse my eight-year-old handwriting). I believe this is a fantastic resource to revert to later. Better, though, is…
I reread all of Nassim Nicholas Taleb’s books in October 2019 (except The Bed of Procrustes, which I have not ordered yet). I strongly recommend all his books, both for insights in your “everyday” life or “trading/investment” life. His books have made a huge impact on how I view the world and how I invest….
I believe it’s much more useful to read good books twice than pouring over many books. In this brief article, I explain why you should read good books twice (or rereading multiple times). About one year ago, I moved from a house to an apartment. I try to keep physical possessions to a minimum and…
