Money and Finance
- Objectivity...
From Poor Charlie's Almanack: The life of Darwin demonstrates how a turtle may outrun a hare, aided by extreme objectivity, which helps the objective person end up like the only player without a blindfold in a game of Pin the Tail on the Donkey. If...
- Links
Scott Adams: Try This Trick to Improve Focus (LINK) A rare interview with Frank Martin, via the always excellent work of The Manual of Ideas (LINK) Related link: Frank Martin's 2014 Annual LetterThe Brooklyn Investor comments on the Berkshire...
- Kindle Unlimited
Amazon launched it's Kindle Unlimited service ($10 per month, but you get a 30-day free trial to start. You can have up to 10 books at a time.). I still have more to go through, but I've been looking for things where if you read for free via the...
- Albert Einstein Quote
“Don’t think about why you question, simply don’t stop questioning. Don’t worry about what you can’t answer, and don’t try to explain what you can’t know. Curiosity is its own reason. Aren’t you in awe when you contemplate the mysteries...
- Bill Gates Reviews “moonwalking With Einstein”
Sometimes people have suggested that I’ve got a “photographic memory,” particularly when I’m talking about topics that interest me, like science and business. It’s a nice compliment, but it’s not really true. Not even close. For example, my...
Money and Finance
Keep It Simple, Fool
During the height of his career, Albert Einstein was in the middle of hearing his notes dictated to him by his secretary when he stopped and asked her, "Did I really write that? I could have put that so much simpler."
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Just as Einstein was able to simplify even the most complex concepts, the world's top investors have a knack for focusing on the two or three big factors that lead to a successful investment, ignoring the meaningless noise of millions of other factors.
Just as Einstein was able to simplify even the most complex concepts, the world's top investors have a knack for focusing on the two or three big factors that lead to a successful investment, ignoring the meaningless noise of millions of other factors.
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On the topic of Einstein, I am listening to Walter Isaacson's excellent book on him and I highly recommend it (Book, Audio Book), as did Charlie Munger at the Wesco meeting this year.
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There are also a couple of great quotes relating to Einstein that I keep in mind:
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"Everything should be made as simple as possible, but no simpler." --
Albert Einstein
Albert Einstein
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“Not everything that counts can be counted, and not everything that can be counted counts.” --sign that hung in Albert Einstein’s office at Princeton
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And the brief story mentioned by Peter Bevelin in my interview with him: When I hear them [Buffett and Munger] at the annual meeting, I am thinking about Einstein’s reply to a student. The student had challenged Einstein’s statement that the laws of physics should be simple by asking: "What if they aren’t simple?" Einstein replied, "Then I would not be interested in them."
- Objectivity...
From Poor Charlie's Almanack: The life of Darwin demonstrates how a turtle may outrun a hare, aided by extreme objectivity, which helps the objective person end up like the only player without a blindfold in a game of Pin the Tail on the Donkey. If...
- Links
Scott Adams: Try This Trick to Improve Focus (LINK) A rare interview with Frank Martin, via the always excellent work of The Manual of Ideas (LINK) Related link: Frank Martin's 2014 Annual LetterThe Brooklyn Investor comments on the Berkshire...
- Kindle Unlimited
Amazon launched it's Kindle Unlimited service ($10 per month, but you get a 30-day free trial to start. You can have up to 10 books at a time.). I still have more to go through, but I've been looking for things where if you read for free via the...
- Albert Einstein Quote
“Don’t think about why you question, simply don’t stop questioning. Don’t worry about what you can’t answer, and don’t try to explain what you can’t know. Curiosity is its own reason. Aren’t you in awe when you contemplate the mysteries...
- Bill Gates Reviews “moonwalking With Einstein”
Sometimes people have suggested that I’ve got a “photographic memory,” particularly when I’m talking about topics that interest me, like science and business. It’s a nice compliment, but it’s not really true. Not even close. For example, my...