Money and Finance
From his 1961 Letter to Partners:
- Best Books For Investors: A Short Shelf - By Jason Zweig
Link to: Best Books for Investors Here’s a list that I would still be comfortable with decades from now. Every book below has stood the test of time and, I’m confident, will remain useful for generations to come. You will quickly note that some...
- Reason-respecting...
Short excerpt from Seeking Wisdom: From Darwin to Munger by Peter Bevelin: People can't be persuaded by what they don't understand. We underestimate the importance of giving people a reason. It is often easier to get people to change with a well-explained...
- Beyond Reason: The Strange Existence Of Market Anomalies
Nevertheless, it is still a puzzle why such a glaring anomaly has not been arbitraged away. Academics have just about abandoned the idea that all investors are rational; there are too many examples of psychological quirks (such as an aversion to recognising...
- Warren Buffett On Diversification - 1966
(from Buffett’s 1965 letter to Partners) Diversification Last year in commenting on the inability of the overwhelming majority of investment managers to achieve performance superior to that of pure chance, I ascribed it primarily to the product of:...
- Interview By Kanwal From Simply Investing
The following is an excerpt from the interview that I had with Kanwal. The full interview can be found at the Simply Investing website. I recently had the honour of interviewing the blogger behind the awesome blog Passive-Income-Pursuit! Passive...
Money and Finance
Warren Buffett quote
From his 1961 Letter to Partners:
You will not be right simply because a large number of people momentarily agree with you. You will not be right simply because important people agree with you. In many quarters the simultaneous occurrence of the two above factors is enough to make a course of action meet the test of conservatism.
You will be right, over the course of many transactions, if your hypotheses are correct, your facts are correct, and your reasoning is correct. True conservatism is only possible through knowledge and reason.
- Best Books For Investors: A Short Shelf - By Jason Zweig
Link to: Best Books for Investors Here’s a list that I would still be comfortable with decades from now. Every book below has stood the test of time and, I’m confident, will remain useful for generations to come. You will quickly note that some...
- Reason-respecting...
Short excerpt from Seeking Wisdom: From Darwin to Munger by Peter Bevelin: People can't be persuaded by what they don't understand. We underestimate the importance of giving people a reason. It is often easier to get people to change with a well-explained...
- Beyond Reason: The Strange Existence Of Market Anomalies
Nevertheless, it is still a puzzle why such a glaring anomaly has not been arbitraged away. Academics have just about abandoned the idea that all investors are rational; there are too many examples of psychological quirks (such as an aversion to recognising...
- Warren Buffett On Diversification - 1966
(from Buffett’s 1965 letter to Partners) Diversification Last year in commenting on the inability of the overwhelming majority of investment managers to achieve performance superior to that of pure chance, I ascribed it primarily to the product of:...
- Interview By Kanwal From Simply Investing
The following is an excerpt from the interview that I had with Kanwal. The full interview can be found at the Simply Investing website. I recently had the honour of interviewing the blogger behind the awesome blog Passive-Income-Pursuit! Passive...