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"Warren Buffett never tried to make the most money. He never tried to get rich quickly. He tried to get rich slow, and I feel like that's what value investing is; it's a philosophy that stays away from the hot flashy trendy investments and focuses more on never losing big."
Das Narayandas • Quotes from Seth Klarman Interview
The meta of investing is always changing. But there are some things that are timeless, like if your return on an invested capital goes up, you are going to become more valuable. If you compound your free cash flow per share, you are going to become more valuable. There are these immutable things and a lot of those things have been written about by... See more
Gavin Baker • Security Error | Columbia Business School
“Strong opinions, loosely held” is a framework that all investors must work within
Tim Ferriss • Legendary Investor Bill Gurley on Investing Rules, Finding Outliers, Insights from Jeff Bezos and Howard Marks, Must-Read Books, Creating True Competitive Advantages, Open-Source Strategies, Adapting Mental Models to New Realities, and More (#651) - The Blog of Author Tim Ferriss
Greatbusinesses create enormous wealth over long holding periods acrossmarket cycles, even in the midst of negative macro headlines about highinflation, rising interest rates, geopolitical tensions, weak macroeconomicdata points, and political uncertainty. Gruesome businesses eventuallydestroy wealth, irrespective of whether the news is positive or... See more
Guatam Baid • Five biggest takeaways from Warren Buffett and Charlie Munger’s Berkshire Hathaway annual meet
Successful investing isall about identifying businesses with growing earnings and good capitalallocation at sensible valuations, and firmly holding on to them as long asthey exhibit these characteristics.
