Money and Finance
From his Reddit AMA:
Related previous quote:
- Links
The Importance of First Principle Thinking (LINK) [There is also a little bit on this in the book on Elon Musk. From that part of the book, I took a mental note on first principles to ask the questions: What are the physics (or the fundamental definition...
- Richard Feynman Quote
“I can live with doubt, and uncertainty, and not knowing. I think it’s much more interesting to live not knowing than to have answers which might be wrong.” -Richard Feynman ...
- John Keats On “negative Capability”
Link to: John Keats on “Negative Capability,” Embracing Uncertainty, and Celebrating the Mysterious [S]everal things dovetailed in my mind, & at once it struck me, what quality went to form a Man of Achievement especially in Literature &...
- Capital Allocation: Evidence, Analytical Methods, And Assessment Guidance - By Michael Mauboussin And Dan Callahan
Link to paper: Capital Allocation: Evidence, Analytical Methods, and Assessment GuidanceCapital allocation is a senior management team’s most fundamental responsibility. The problem is that many CEOs don’t know how to allocate capital effectively....
- The Seven Immutable Laws Of Investing - By James Montier
In my previous missive I concluded that investors should stay true to the principles that have always guided (and should always guide) sensible investment, but I left readers hanging as to what I believe those principles might actually be. So, now, for...
Money and Finance
Elon Musk quote
From his Reddit AMA:
One bit of advice: it is important to view knowledge as sort of a semantic tree -- make sure you understand the fundamental principles, i.e. the trunk and big branches, before you get into the leaves/details or there is nothing for them to hang on to...................
Related previous quote:
“As to methods there may be a million and then some, but principles are few. The man who grasps principles can successfully select his own methods. The man who tries methods, ignoring principles, is sure to have trouble.” -Ralph Waldo EmersonRelated link: Richard Feynman: The Difference Between Knowing the Name of Something and Knowing Something
- Links
The Importance of First Principle Thinking (LINK) [There is also a little bit on this in the book on Elon Musk. From that part of the book, I took a mental note on first principles to ask the questions: What are the physics (or the fundamental definition...
- Richard Feynman Quote
“I can live with doubt, and uncertainty, and not knowing. I think it’s much more interesting to live not knowing than to have answers which might be wrong.” -Richard Feynman ...
- John Keats On “negative Capability”
Link to: John Keats on “Negative Capability,” Embracing Uncertainty, and Celebrating the Mysterious [S]everal things dovetailed in my mind, & at once it struck me, what quality went to form a Man of Achievement especially in Literature &...
- Capital Allocation: Evidence, Analytical Methods, And Assessment Guidance - By Michael Mauboussin And Dan Callahan
Link to paper: Capital Allocation: Evidence, Analytical Methods, and Assessment GuidanceCapital allocation is a senior management team’s most fundamental responsibility. The problem is that many CEOs don’t know how to allocate capital effectively....
- The Seven Immutable Laws Of Investing - By James Montier
In my previous missive I concluded that investors should stay true to the principles that have always guided (and should always guide) sensible investment, but I left readers hanging as to what I believe those principles might actually be. So, now, for...