Richard Feynman
Thoughts

Richard Feynman

“You can know the name of that bird in all the languages of the world, but when you’re finished, you’ll know absolutely nothing whatever about the bird. You’ll only know about humans in different places, and what they call the bird… I learned very early the difference between knowing the name of something and knowing […]

models
Thoughts

Charlie Munger

“There is no reason, also, to look only for living models. The eminent dead are, in the nature of things, some of the best models around. And, if a model is all you want, you’re really better off not limiting yourself to the living. Some of the very best models have been dead for a […]

Warren E. Buffett
Thoughts

Warren E. Buffett

“The market, like the Lord, helps those who help themselves. But, unlike the Lord, the market does not forgive those who know not what they do. For the investor, a too-high purchase price for the stock of an excellent company can undo the effects of a subsequent decade of favorable business developments.” Please follow and […]

Benjamin Graham
Thoughts

Benjamin Graham on Value Investing by Janet Lowe, 1994

“Investor do not make mistakes, or bad mistakes, in buying good stocks at fair prices,” Graham said. “They make their serious mistakes by buying poor stocks, particularly the ones that are pushed for various reasons. And sometimes- in fact  very frequently-they make mistakes by buying good stocks in the upper reaches of bull markets.” Please […]

Peter Drucker
Thoughts

Peter Drucker got to the heart of things

“I will tell you a secret: Deal making beats working. Deal making is exciting and fun, and working is grubby. Running anything is primarily an enormous amount of grubby detail work . . . deal making is romantic, sexy. That’s why you have deals that make no sense.” Please follow and like us:0

economic franchise
Thoughts

Economic Franchise

“An economic franchise arises from a product or service that: (1) is needed or desired; (2) is thought by its customers to have no close substitute and; (3) is not subject to price regulation. The existence of all three conditions will be demonstrated by a company’s ability to regularly price its product or service aggressively […]