Daniel Bakalarz
@danielbakalarz
Investor at https://unisonam.com
unisonam.comDaniel Bakalarz
The Quantum Rules: How the Laws of Physics Explain Love, Success, and Everyday Life
Kunal Das • 2 highlights
amazon.com
“Let’s constantly be doing something that can be doubted. Because if we’re not, then what are we doing?”
Mark Zuckerberg • The Tim Ferriss Show Transcripts: Mark Zuckerberg on Long-Term Strategy, Business and Parenting Principles, Personal Energy Management, Building the Metaverse, Seeking Awe, the Role of Religion, Solving Deep Technical Challenges (e.g., AR), and More (#582)
ROE, defined as net income divided by shareholders’ equity, is massively distorted by the rise of intangibles. Net income has always been unreliable because of the considerable discretion management has in reportingexpenses within accepted accounting principles. Shareholders’ equity has also lost relevance because of the vagaries of accounting,... See more
Morgan Stanley • Market-Expected Return on Investment Bridging Accounting and Valuation
The Tim Ferriss Show Transcripts: Mark Zuckerberg on Long-Term Strategy, Business and Parenting Principles, Personal Energy Management, Building the Metaverse, Seeking Awe, the Role of Religion, Solving Deep Technical Challenges (e.g., AR), and More (#582)
Mark Zuckerbergtim.blog
Virtual Reality and
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
from Karen Stenner:"All the available evidence indicates that exposure to difference, talking about difference, and applauding difference - the hallmarks of liberal democracy - are the surest ways to aggravate those who are innately intolerant, and to guarantee the increased expression of their predispositions in manifestly intolerant attitudes and... See more
thekcpgroup.com • The Attention Span. “Racehorses and Psychopaths.”
A company’s performance has two sources: If a company has a COMPETITIVE ADVANTAGE, it can sustain higher relative prices and/or lower relative costs than its rivals in an industry.
Chart:
Porter's framework:
Industry structure: 5 forces
Relative position: value chainThe analysis focuses on:
Industry Structure: drivers of industry profitability
Relative
Joan Magretta • Understanding Michael Porter: The Essential Guide to Competition and Strategy
Magretta, Joan; Magretta, Joan. Understanding Michael Porter (pp. 75-76). Harvard Business Review Press. Kindle Edition.
The really, really dark side here is that the stronger an abstraction, often an outright lie, the more motivating it can be for tribal behavior. The soldier metaphor is doubly-appropriate. Taken to its most horrifying extreme, war and genocide is facilitated by abstraction.
thekcpgroup.com • The Attention Span. “Racehorses and Psychopaths.”
think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, "My God, they're purple and green. Do fish really take these lures?" And he said, "Mister, I don't sell to fish."