The Danger of Comparing Yourself to Others
The most important things in life are internal not external. “The big question about how people behave,” says Warren Buffett, “is whether they’ve got an inner scorecard or an outer scorecard. It …
The most important things in life are internal not external. “The big question about how people behave,” says Warren Buffett, “is whether they’ve got an inner scorecard or an outer scorecard. It …
There are as many investment strategies as there are investment opportunities. Some are good; many are terrible. Here’s the one that I lean on the most when I’m looking for low risk and above average …
The filing cabinet of knowledge stored in Warren Buffett’s brain has helped make him the most successful investor of our time. But it takes much more than simply reading a lot. In this article, learn …
We all want to know the future. Yet, our desire to know the future leads us to seek answers to unanswerable questions. The question, “What’s going to change in the next 10 years?” is a popular one in …
“It is easier to conquer than to administer. With enough leverage, a finger could overturn the world; but to support the world, one must have the shoulders of Hercules.” — Jean-Jacques …
“Every battle is won before it’s ever fought.” — Sun Tzu The metagame is about understanding the bigger picture and outsmarting the competition by doing something they can’t or won’t …
“My goal in reading a book is to entertain myself and perhaps to learn. You won’t read much unless what you read is enjoyable for you.” — Don Graham *** In 1973, Warren Buffett famously …
(This is a follow-up to our post on the Bias from Liking/Loving, which you can find here.) Think of a cat snarling and spitting, lashing with its tail and standing with its back curved. Her pulse is …
You can use a big idea without a physics-like need for exact precision. The key to remember is moving closer to reality by updating. Consider this excerpt from Philip Tetlock and Dan Gardner in …
“The big question about how people behave is whether they’ve got an Inner Scorecard or an Outer Scorecard. It helps if you can be satisfied with an Inner Scorecard.” — Warren Buffett …
There is a Buffett & Munger interview from 2013 that we reflect on frequently. They discuss how they’ve leaped ahead of their peers and competitors time and time again: Munger: We’ve learned how …
A telling excerpt from an interview of Warren Buffett (below) on the value of reading. Seems like he’s taking the opposite approach to Nassim Taleb in some ways. Interviewer: How do you keep up …
“Get it right, get it fast, get it out, get it over.” *** In an interview with Jeff Cunningham, Warren Buffett hits on two principles that elude most of us. Interviewer: I was reading a …
I read Guy Spier’s book, The Education of a Value Investor: My Transformative Quest for Wealth, Wisdom, and Enlightenment, in a single sitting. The section of the book I was most interested in …
I thought this excerpt from Warren Buffett’s 2011 interview in India was relevant to not only investing but also decision making. A member of the audience says to Buffett: “As we all know, …
If you’re looking for something to read that will improve your ability as an investor, I’d recommend any of the books below. All 12 of them are deeply informative and will leave an impact on you. 1. …