Charlie Munger Quotes

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…

Takeaways From Fundsmith’s Annual Letters (Terry Smith)

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…

Takeaways From Terry Smith’s (Fundsmith) Annual Letter Of 2011

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…

Takeaways From Terry Smith’s (Fundsmith) Annual Letter Of 2010

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…

Should You Choose A Scalable Or Non-Scalable Profession/Career?

  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…

The Management Myth – Debunking Modern Business Philosophy

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…

My Favorite Quotes from Atul Gawande’s The Checklist Manifesto

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…