Money and Finance
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His comment "but in a few seconds I can tell you whether or not I like it" reminded me of these posts:
Warren Buffett quote on filters
Alice Schroeder on Buffett’s filtering process
- Josh Waitzkin On The Tim Ferriss Show
This is Waitzkin's second appearance on Tim Ferriss' podcast (the first was Episode 2). Link to: Josh Waitzkin on The Tim Ferriss Show .................... Related book: The Art of Learning (It looks like the Audible version...
- More From Warren Buffett On Having Good Filters...
Via the notes from the Ivey MBA and HBA student meeting with Warren Buffett: At Berkshire we have certain filters that have been developed. If in the course of a presentation or evaluation part of a proposal[,] an idea hits a filter then there is no way...
- Charlie Munger On Continuous Learning
From my notes on his 2007 USC Law School Commencement Speech:Wisdom acquisition is a moral duty. It’s not something you do just to advance in life. As a corollary to that proposition which is very important, it means that you are hooked for lifetime...
- Warren Buffett On Projections...
From Peter Bevelin’s Seeking Wisdom: From Darwin to Munger:I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections,...
- Alice Schroeder On Warren Buffett’s Filtering Process
Thanks to Will for bringing this back up to me. This quote is from my friend Miguel Barbosa’s interview with Alice Schroeder (HERE). “Typically, and this is not well understood, his way of thinking is that there are disqualifying features to an investment....
Money and Finance
Li Lu on understanding a business…
Via notes from his 2010 lecture at Columbia:
You can’t truly understand everything about a business in 1 week. It took me 10 years and I am still learning new things about BYD. It is a continuous learning process. You could spend a lifetime studying a business or industry, but in a few seconds I can tell you whether or not I like it. You want to build [knowledge and continually learn]. There is not set preparation.
His comment "but in a few seconds I can tell you whether or not I like it" reminded me of these posts:
Warren Buffett quote on filters
Alice Schroeder on Buffett’s filtering process
- Josh Waitzkin On The Tim Ferriss Show
This is Waitzkin's second appearance on Tim Ferriss' podcast (the first was Episode 2). Link to: Josh Waitzkin on The Tim Ferriss Show .................... Related book: The Art of Learning (It looks like the Audible version...
- More From Warren Buffett On Having Good Filters...
Via the notes from the Ivey MBA and HBA student meeting with Warren Buffett: At Berkshire we have certain filters that have been developed. If in the course of a presentation or evaluation part of a proposal[,] an idea hits a filter then there is no way...
- Charlie Munger On Continuous Learning
From my notes on his 2007 USC Law School Commencement Speech:Wisdom acquisition is a moral duty. It’s not something you do just to advance in life. As a corollary to that proposition which is very important, it means that you are hooked for lifetime...
- Warren Buffett On Projections...
From Peter Bevelin’s Seeking Wisdom: From Darwin to Munger:I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be. We never look at projections,...
- Alice Schroeder On Warren Buffett’s Filtering Process
Thanks to Will for bringing this back up to me. This quote is from my friend Miguel Barbosa’s interview with Alice Schroeder (HERE). “Typically, and this is not well understood, his way of thinking is that there are disqualifying features to an investment....