Investing
Thoughts

Investing

In investing, it’s often too late to wait till the picture is complete. It will be obvious to everyone else by that point too. To get an edge, start coloring earlier than other people, collect more “dots” than other people, and invest when the picture is 80% filled in and you’re confident in the final outcome […]

Mistakes
Article

Charlie Munger on Mistakes

Biggest mistakes Munger: “The most extreme mistakes in Berkshire’s history have been mistakes of omission. We saw it, but didn’t act on it. They’re huge mistakes — we’ve lost billions. And we keep doing it. We’re getting better at it. We never get over it.” “There are two types of mistakes: 1) doing nothing; what […]

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

Joel Greenblatt
Article

Business and Investing Lessons From Joel Greenblatt

For a value investor, value is determined using methods that produce a fuzzy but very important benchmark, which is called “intrinsic value.”- Joel Greenblatt “One of the greatest stock market writers and thinkers, Benjamin Graham, put it this way.  Imagine that you are partners in the ownership of a business with a crazy guy named Mr. […]

Adam Smith
Article

Back to Basics I: Adam Smith

The idea of a higher standard for professionals is not new. So, let’s go back in history to learn from the wisdom of our predecessors. We will start in 1759 with Adam Smith, then on to 1949 and Benjamin Graham, and finally, if you will, to the investment philosophy that I have developed during my […]

Global Investment
Charlie Munger

What Li Lu learned from Charlie Munger

What Li Lu learned from Charlie Munger “When Charlie thinks, he always Starts by inverting. To understand how to be happy in life, Charlie will study how to make life miserable. To examine how businesses become big, strong and successful, Charlie first studies who businesses decline and fall. When most people care only about how […]

BEST INVESTORS
Blog

QUALITIES COMMON TO THE BEST INVESTORS

The world’s best investors are special in many ways and it’s difficult to count all of their skills and abilities. They are also not all the same and each one of these individuals has his own peculiarities. However, there are a few traits common to all of these finance experts and we will explain them […]