Money and Finance
- Links
The full transcripts of the Federal Reserve's Federal Open Market Committee meetings from 2009 were released (LINK) [In conjunction with these, it might be interesting to revisit the FCIC interviews, now that a few years have passed, HERE.] Warren...
- Links
Rational Walk reviews the book Berkshire Beyond Buffett (LINK) Elizabeth Holmes at TEDMED 2014 (video) [H/T Will] (LINK) Related previous post: Elizabeth Holmes interview at TechCrunch Disrupt San Francisco ’14Andrew Smithers: The US is a huge hedge...
- Eric Hoffer Quote
Thanks to Daniel for passing this quote along. "It goes without saying that the fanatic is convinced that the cause he holds on to is monolithic and eternal - a rock of ages. Still, his sense of security is derived from his passionate attachment and not...
- Eric Hoffer Quote
“When our mode of life is so precarious as to make it patent that we cannot control the circumstances of our existence, we tend to stick to the proven and the familiar. We counteract a deep feeling of insecurity by making of our existence a fixed routine....
- Joel Greenblatt Quote (thinking About The Market)
“I think the difference between those who succeed and those that fail is how they think about the market. Everyone is bombarded every day with price movements, explanations for those price movements, macro events, and lots of other information. You...
Money and Finance
Eric Hoffer and "The True Believer"
A great paragraph to conclude the preface of The True Believer:
It is perhaps not superfluous to add a word of caution. When we speak of the family likeness of mass movements, we use the word "family" in a taxonomical sense. The tomato and the nightshade are of the same family, the Solanaceae. Though the one is nutritious and the other poisonous, they have many morphological, anatomical and physiological traits in common so that even the non-botanist senses a family likeness. The assumption that mass movements have many traits in common does not imply that all movements are equally beneficent or poisonous. The book passes no judgments, and expresses no preferences. It merely tries to explain; and the explanations - all of them theories - are in the nature of suggestions and arguments even when they are stated in what seems a categorical tone. I can do no better than quote Montaigne: "All I say is by way of discourse, and nothing by way of advice. I should not speak so boldly if it were my due to be believed."
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Book: The True Believer
This book was also one of Allen Scarbrough's The 25 best books for a self education and why.
- Links
The full transcripts of the Federal Reserve's Federal Open Market Committee meetings from 2009 were released (LINK) [In conjunction with these, it might be interesting to revisit the FCIC interviews, now that a few years have passed, HERE.] Warren...
- Links
Rational Walk reviews the book Berkshire Beyond Buffett (LINK) Elizabeth Holmes at TEDMED 2014 (video) [H/T Will] (LINK) Related previous post: Elizabeth Holmes interview at TechCrunch Disrupt San Francisco ’14Andrew Smithers: The US is a huge hedge...
- Eric Hoffer Quote
Thanks to Daniel for passing this quote along. "It goes without saying that the fanatic is convinced that the cause he holds on to is monolithic and eternal - a rock of ages. Still, his sense of security is derived from his passionate attachment and not...
- Eric Hoffer Quote
“When our mode of life is so precarious as to make it patent that we cannot control the circumstances of our existence, we tend to stick to the proven and the familiar. We counteract a deep feeling of insecurity by making of our existence a fixed routine....
- Joel Greenblatt Quote (thinking About The Market)
“I think the difference between those who succeed and those that fail is how they think about the market. Everyone is bombarded every day with price movements, explanations for those price movements, macro events, and lots of other information. You...