Warren Buffett
Thoughts

Warren Buffett

“It’s a terrible mistake to think that mathematics will take you a long place in investing. You have to understand certain aspects of mathematics. But you don’t have to understand higher mathematics. And higher mathematics may actually be dangerous and it will lead you down pathways that are better left untrod.” –Warren Buffett Please follow […]

Foundational Principles
Thoughts

Foundational Principle

Proper investing begins with the foundational principle that stocks are not pieces of paper, but they represent ownership positions in real businesses. Once you understand this, only two questions must be answered: (1) What kind of businesses do you want to own? (2) How much should you pay for them? Please follow and like us:0

civilization
Thoughts

Durant’s

When the group or a civilization declines, it is through no mystic limitation of a corporate life, but through the failure of its political or intellectual leaders to meet the challenges of change. Please follow and like us:0

The Wealth of Nations
Thoughts

Adam Smith, The Wealth of Nations (1776)

“The directors of such [joint-stock] companies, however, being the managers rather of other people’s money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private copartnery frequently watch over their own.” Please follow and like us:0

Passive Investing
Thoughts

Passive Investing

The wisdom of passive investing stems from the belief that the efforts of active investors cause assets to be fairly priced – that’s why there are no bargains to find.  Please follow and like us:0

brain
Thoughts

Charles Darwin

The human brain works in mysterious ways. At that precise moment, I saw clearly how the Efficient Markets Hypothesis and its behavioral critique could be reconciled. In fact I understood two things that should have been obvious to me all along, but which I had never thought about until then. Please follow and like us:0

The Greatest Influence
Thoughts

The Greatest Influence

The Greatest Influence you can have over intelligent people-and the greatest influence they will have on you-comes from constantly getting in sync about what is true and what is best so that you all want the same things. Please follow and like us:0

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