Brain Food: On keeping your options open, leverage, and courage
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Brain Food: On keeping your options open, leverage, and courage
Portfolio Management: The Expectational Spectrum. Where do you invest in the expectational spectrum? Imagine a spectrum where on the left are stocks with very low bombed-out expectations. In the middle are stocks with consensus expectations and then on the right are those with very high bonanza branch expectations. Where do you invest? Most value... See more
Alix Pasquetx.comWhat kind of life do you want to build? What values do you want your work to reflect? What skills do you want to develop? How do you want to contribute to the world around you? What kind of people do you want to work alongside?
And then:
What are you willing to sacrifice for those things? What discomfort are you willing to endure? What would make... See more
And then:
What are you willing to sacrifice for those things? What discomfort are you willing to endure? What would make... See more
Ultimately, preserving optionality means paying attention and looking at life from multiple perspectives. It means building a versatile base of foundational knowledge and allowing for serendipity and unexpected connections. We must seek to expand our comfort zone and circle of competence, and we should take minor risks that have potentially large... See more
Farnam Street • Preserving Optionality: Preparing for the Unknown - Farnam Street
Will Danoff taught me the value of being optimistic and open-minded while also playing in the present. The ability to balance conviction and flexibility is hard. It’s one of the things that makes investing an art. And it is the reason why you must find a philosophy that suits your temperament so that you can find the right balance between the two.
Gavin Baker • Security Error | Columbia Business School
Think About Your Risk-Taking Mindset