Things are most dangerous when they appear easy. Carret states “margin debt – stock market debt is terribly dangerous, because it is so easy to get.” We can imagine that taking credit from banks (both funded or unfunded) is so difficult, tedious and arduous process. Raising loan in the market needs just a call to place order with the broker.
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 […]
Learn from history and other disciplines and make wise connections. When you later see something, ask, “Have I seen this before or has this happened before and what happened then?” “What normally happens in such situations? Why should this be any different?” Please follow and like us:0