The game of investing is one of making better predictions about the future than other people. How are you going to do that? One way is to limit your tries to areas of competence. If you try to predict the future of everything, you attempt too much. You’re going to fail through lack of specialization.
“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 […]
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 […]