Money and Finance
- The Question Warren Buffett Used To Ask Every Ceo...
From Charlie Munger: The Complete Investor: Munger is a believer in the investment approaches and ideas of Philip Fisher. Fisher was a successful investor based in California who wrote an influential book entitled Common Stocks and Uncommon Profits,...
- A Few Quotes On Achieving Success...
“The difference between successful people and really successful people is that really successful people say no to almost everything.” –Warren Buffett “Whenever you do any one thing intensely over a period of time you have to give up other lives...
- "if At First You Do Succeed, Quit Trying."
As re-read in the newly released third edition of Lawrence Cunningham’s The Essays of Warren Buffett: Lessons for Corporate America. This excerpt is from Warren Buffett’s 1991 shareholder letter:We continually search for large businesses with understandable,...
- It’s A Matter Of Reading And Asking Questions
A QUESTION Warren Buffett and Charlie Munger are often asked is: how do you learn to be a great investor? - “First of all,” says Charlie Munger, “you have to understand your own nature. Each person has to play the game given his own marginal utility...
- Some Questions On An Above Average Interesting 13-f Season
A great business less from Peter Drucker- it's amazing what you can achieve as a team if you don't care who gets the credit. A related theme for individual investors is - its amazing the ideas you can uncover if you don't mind cloning. This...
Money and Finance
So You Want To Be The Next Warren Buffett? How's Your Writing?
Great speech by Mark Sellers to Harvard MBAs.
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One thing I will tell you right off the bat: I'm not here to teach you how to be a great investor. On the contrary, I'm here to tell you why very few of you can ever hope to achieve this status.
One thing I will tell you right off the bat: I'm not here to teach you how to be a great investor. On the contrary, I'm here to tell you why very few of you can ever hope to achieve this status.
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If you spend enough time studying investors like Charlie Munger, Warren Buffett, Bruce Berkowitz, Bill Miller, Eddie Lampert, Bill Ackman, and people who have been similarly successful in the investment world, you will understand what I mean.
If you spend enough time studying investors like Charlie Munger, Warren Buffett, Bruce Berkowitz, Bill Miller, Eddie Lampert, Bill Ackman, and people who have been similarly successful in the investment world, you will understand what I mean.
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I know that everyone in this room is exceedingly intelligent and you've all worked hard to get where you are. You are the brightest of the bright. And yet, there's one thing you should remember if you remember nothing else from my talk: You have almost no chance of being a great investor. You have a really, really low probability, like 2% or less. And I'm adjusting for the fact that you all have high IQs and are hard workers and will have an MBA from one of the top business schools in the country soon. If this audience was just a random sample of the population at large, the likelihood of anyone here becoming a great investor later on would be even less, like 1/50th of 1% or something. You all have a lot of advantages over Joe Investor, and yet you have almost no chance of standing out from the crowd over a long period of time.
I know that everyone in this room is exceedingly intelligent and you've all worked hard to get where you are. You are the brightest of the bright. And yet, there's one thing you should remember if you remember nothing else from my talk: You have almost no chance of being a great investor. You have a really, really low probability, like 2% or less. And I'm adjusting for the fact that you all have high IQs and are hard workers and will have an MBA from one of the top business schools in the country soon. If this audience was just a random sample of the population at large, the likelihood of anyone here becoming a great investor later on would be even less, like 1/50th of 1% or something. You all have a lot of advantages over Joe Investor, and yet you have almost no chance of standing out from the crowd over a long period of time.
- The Question Warren Buffett Used To Ask Every Ceo...
From Charlie Munger: The Complete Investor: Munger is a believer in the investment approaches and ideas of Philip Fisher. Fisher was a successful investor based in California who wrote an influential book entitled Common Stocks and Uncommon Profits,...
- A Few Quotes On Achieving Success...
“The difference between successful people and really successful people is that really successful people say no to almost everything.” –Warren Buffett “Whenever you do any one thing intensely over a period of time you have to give up other lives...
- "if At First You Do Succeed, Quit Trying."
As re-read in the newly released third edition of Lawrence Cunningham’s The Essays of Warren Buffett: Lessons for Corporate America. This excerpt is from Warren Buffett’s 1991 shareholder letter:We continually search for large businesses with understandable,...
- It’s A Matter Of Reading And Asking Questions
A QUESTION Warren Buffett and Charlie Munger are often asked is: how do you learn to be a great investor? - “First of all,” says Charlie Munger, “you have to understand your own nature. Each person has to play the game given his own marginal utility...
- Some Questions On An Above Average Interesting 13-f Season
A great business less from Peter Drucker- it's amazing what you can achieve as a team if you don't care who gets the credit. A related theme for individual investors is - its amazing the ideas you can uncover if you don't mind cloning. This...