Money and Finance
Mastering the work of your predecessors...
From Poor Charlie's Almanack:
There once was a man who assiduously mastered the work of his best predecessors, despite a poor start and very tough time in analytical geometry. Eventually, his own work attracted wide attention, and he said of his work:
"If I have seen a little farther than other men, it is because I stood on the shoulders of giants."
The bones of that man lie buried now in Westminster Abbey, under an unusual inscription:
"Here lie the remains of all that was mortal in Sir Isaac Newton."
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Links
Kyle Bass on Real Vision TV (video) (LINK) GMO White Paper: Is Skill Dead? (LINK) [Jeremy Grantham quote to start the paper: "90% of what passes for brilliance or incompetence in investing is the ebb and flow of investment style."] In this...
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Charlie Munger On The Importance Of Reading
From Poor Charlie's Almanack: In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time--none, zero. You'd be amazed at how much Warren reads--and at how much I read. My children laugh at...
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Links
Jim Grant's Three Part Interview With The Epoch Times (LINK) Peter Thiel Op-Ed: Competition Is for Losers (LINK) Related book: Zero to OneWoman of 24 found to have no cerebellum in her brain [H/T James] (LINK) An important book worth checking...
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Joel Greenblatt Quote (valuation)
“…generally, if you have done good valuation work, 98 percent of the time, two or three years is enough time for the market to agree with you. That is a very powerful concept. It gives you patience. Of course, if you do poor valuation work, you can...
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My Amazing Wife
Hi Everyone, I might be just a tad biased, but I truly believe I have one of the greatest wives you could ever ask for. I've thrown around hints on various blogs that I work on average 50-60 hours per week year round. I'm doing this because...
Money and Finance