Money and Finance
- Observing What Works And What Doesn't And Why...
From Tren Griffin in his book Charlie Munger: The Complete Investor, which it appears will now be released at the end of this week instead of next month. So if you haven't ordered your copy yet, you can order it HERE and may even get it by the end...
- Two To Five Observations Before Changing One's Mind...
The excerpt below is from James Montier in The Little Book of Behavioral Investing. One lesson from this is that if you get good at changing your mind quickly when the facts change, good at destroying your own best-loved ideas, and good and filtering...
- Alain De Botton On The Stoics
Link to article: The Great Philosophers 2: The Stoics ‘Stoicism’ was a philosophy that flourished for some 400 years in Ancient Greece and Rome, gaining widespread support among all classes of society. It had one overwhelming and highly practical...
- Giving Yourself An Investing Makeover - By Jason Zweig
Link to article: Giving Yourself an Investing Makeover If you set out deliberately and systematically to remake yourself into a great investor, how would you go about it? That is what the money manager Guy Spier has spent much of the past 17 years trying...
- Howard Marks' Comments At The Barclays Global Financial Services
Via ValueWalk: And one of the most important jobs that I perform at Oaktree Capital Group LLC (NYSE:OAK) is to figure out the micro environment and the setting in which we all perform. We don’t consider ourselves market timers. We don’t raise in lower...
Money and Finance
Guy Spier on finding the right environment
Though I already had the Kindle format of The Education of a Value Investor on pre-order (it comes out next week), the publisher was also kind enough to send me a review copy. I'm just getting into it but it appears to be a very honest telling of Guy's journey that will be full of great stories and advice along the way. Here is an example of some good advice given by Guy after discussing the first job he took out of business school, which he regretting taking:
... I think it's important to discuss just how easy it is for any of us to get caught up in things that might seem unthinkable--to get sucked into the wrong environment and make moral compromises that can tarnish us terribly. We like to think that we change our environment, but the truth is that it changes us. So we have to be extraordinary careful to choose the right environment--to work with, even socialize with, the right people. Ideally, we should stick close to people who are better than us so that we can become more like them.
- Observing What Works And What Doesn't And Why...
From Tren Griffin in his book Charlie Munger: The Complete Investor, which it appears will now be released at the end of this week instead of next month. So if you haven't ordered your copy yet, you can order it HERE and may even get it by the end...
- Two To Five Observations Before Changing One's Mind...
The excerpt below is from James Montier in The Little Book of Behavioral Investing. One lesson from this is that if you get good at changing your mind quickly when the facts change, good at destroying your own best-loved ideas, and good and filtering...
- Alain De Botton On The Stoics
Link to article: The Great Philosophers 2: The Stoics ‘Stoicism’ was a philosophy that flourished for some 400 years in Ancient Greece and Rome, gaining widespread support among all classes of society. It had one overwhelming and highly practical...
- Giving Yourself An Investing Makeover - By Jason Zweig
Link to article: Giving Yourself an Investing Makeover If you set out deliberately and systematically to remake yourself into a great investor, how would you go about it? That is what the money manager Guy Spier has spent much of the past 17 years trying...
- Howard Marks' Comments At The Barclays Global Financial Services
Via ValueWalk: And one of the most important jobs that I perform at Oaktree Capital Group LLC (NYSE:OAK) is to figure out the micro environment and the setting in which we all perform. We don’t consider ourselves market timers. We don’t raise in lower...