Money and Finance
From There's Always Something to Do:
- Charlie Munger On The Balance Between Competency And Gumption...
A quote from Jason Zweig's article, "A Fireside Chat With Charlie Munger," worth a post of its own: You have to strike the right balance between competency or knowledge on the one hand and gumption on the other. Too much competency and no gumption...
- Circle Of Competence...
"The best part of our knowledge is that which teaches us where knowledge leaves off and ignorance begins. Nothing more clearly separates a vulgar from a superior mind, than the confusion in the first between the little that it truly knows, on the one...
- Uncertainty Alone Is Certain Here…
This is excerpted from Benjamin Franklin by Carl Van Doren, which is probably the best and most comprehensive biography on Franklin. The text below is one of his earliest known writings, which is an excerpt from an elegy he wrote (probably around the...
- Peter Cundill Protégé Tim Mcelvaine Discusses His Favorite Investments In Japan
Peter Cundill Protégé Tim McElvaine, President of McElvaine Investment Management, is one of twenty expert instructors at the fully online Japan Investing Summit 2012 (more information is available HERE). Link ...
- This Day In Failure: September 20
I hadn't heard of this fact before: 1911: While beginning her fifth Atlantic crossing under the command of Captain E.J. Smith, the ocean liner Olympic collides with the HMS Hawke, punching a triangular hole eight feet by fifteen feet in...
Money and Finance
Peter Cundill quote
From There's Always Something to Do:
I believe that there is probably one opportunity in every man’s life which demands his knowledge, his guts, his self-esteem, and his judgement. If he seizes it with both hands and it is successful, he joins the first rank, if not he remains a mortal with feet of clay.
- Charlie Munger On The Balance Between Competency And Gumption...
A quote from Jason Zweig's article, "A Fireside Chat With Charlie Munger," worth a post of its own: You have to strike the right balance between competency or knowledge on the one hand and gumption on the other. Too much competency and no gumption...
- Circle Of Competence...
"The best part of our knowledge is that which teaches us where knowledge leaves off and ignorance begins. Nothing more clearly separates a vulgar from a superior mind, than the confusion in the first between the little that it truly knows, on the one...
- Uncertainty Alone Is Certain Here…
This is excerpted from Benjamin Franklin by Carl Van Doren, which is probably the best and most comprehensive biography on Franklin. The text below is one of his earliest known writings, which is an excerpt from an elegy he wrote (probably around the...
- Peter Cundill Protégé Tim Mcelvaine Discusses His Favorite Investments In Japan
Peter Cundill Protégé Tim McElvaine, President of McElvaine Investment Management, is one of twenty expert instructors at the fully online Japan Investing Summit 2012 (more information is available HERE). Link ...
- This Day In Failure: September 20
I hadn't heard of this fact before: 1911: While beginning her fifth Atlantic crossing under the command of Captain E.J. Smith, the ocean liner Olympic collides with the HMS Hawke, punching a triangular hole eight feet by fifteen feet in...