Richard Feynman
Blog

Investment Secrets of Richard Feynman

It is, of course, irritating that extra care in thinking is not all good but actually introduces extra error. But most good things have undesired “side effects,” and thinking is no exception. The best defense is that of the best physicists, who systematically criticize themselves to an extreme degree, using a mindset described by Nobel […]

future
Thoughts

Charlie Munger

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. Please […]

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

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