abraham-germansky
Thoughts

Abraham Germansky

The more successful you are at something, the more convinced you become that you’re doing it right. The more convinced you are that you’re doing it right, the less open you are to change. The less open you are to change, the more likely you are to tripping in a world that changes all the […]

bull-markets
Thoughts

Abraham Germansky

Bull markets make stocks expensive, expensive stocks leave little room for error, and little room for error increases the odds of bull markets ending. Same thing in the other direction. Recessions cause pessimism. Pessimism causes underproduction, underproduction leads to scarcity, scarcity leads to a new boom.- Abraham Germansky Please follow and like us:0

big business
Thoughts

J.A. Hobson

“For big business has succeeded in imposing a wide acceptance of the view that success is a sound test and measure of a socially serviceable fitness or ability, and that large profits, even when visibly resulting from price-fixing monopoly, are a natural, a necessary, and a just incentive to the exercise of high business qualities […]

Benjamin Graham
Thoughts

Benjamin Graham

A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on it’s share price Please follow and like us:0

Leonardo Da Vinci
Thoughts

Leonardo Da Vinci

Isaacson was drawn to Da Vinci as the ultimate example of the main thematic of his previous biographies, many of which, coincidentally are heroes of Charlie Munger – Einstein, Lincoln and Newton. Isaacson describes that thematic as “How the ability to make connections across disciplines – arts and sciences, humanities and technology – is a key to innovation, imagination, and genius.”   Leonardo […]