Daniel Bakalarz
@danielbakalarz
Investor at https://unisonam.com
unisonam.comDaniel Bakalarz
Yet investing is an inherently social exercise. As a result, prices can go from being a source of informationto a source of influence. Great investors don’t get sucked into the vortex of influence. This requires the trait of not caring what others think of you, which is not natural for humans. Indeed, many successful investors have a skill th... See more
Dan Callahan • Reflections on the Ten Attributes of Great Investors
Once you know exactly where you are on the map, you still need to orient yourself and move in the territory. And this is the key insight I learned from writing this piece. If you rebuild your new model based on abstractions it’s no more likely to be correct than the old one. So, you need to rebuild it in harmony with the world around you. The Taois... See more
thekcpgroup.com • The Attention Span. “Racehorses and Psychopaths.”
Joys Of Compounding: The Passionate Pursuit of Lifelong Learning
Guatam Baid • 9 highlights
amazon.com
Great fundamental investors focus on understanding the magnitude and sustainability of free cash flow. Factors that an investor must consider include where the industry is in its life cycle, a company’s competitive position within its industry, barriers to entry, the economics of the business, and management’s skill at allocating ... See more
Dan Callahan • Reflections on the Ten Attributes of Great Investors
But before you assume that bigger is always better, it is critical to run the numbers for your business.
Joan Magretta • Understanding Michael Porter: The Essential Guide to Competition and Strategy
As Paccar illustrates, good strategies are like shelters in a storm. Five forces analysis will give you a weather forecast.
Joan Magretta • Understanding Michael Porter: The Essential Guide to Competition and Strategy
The synthesis of these ideas may merely prove to be confirmation bias, but they are deeply resonant with me. And that’s the crux of the filtering process. That resonance hints at an internal alignment around values. You can intuitively detect it when you read it, when you hear it, and when you speak it. Shepherd wonders if what we hear as “eloquenc... See more
thekcpgroup.com • The Attention Span. “Racehorses and Psychopaths.”
China is like the thinking ocean in Stanislaw Lem’s Solaris: a vast entity that produces observations personalized for every observer. These visions may be a self-defense mechanism, allowing leftists to see socialism and investors to see capitalism; or, as Lem’s ocean might be doing, China is vastly indifferent to foreign observers and generates vi
... See moreg • 010922-2021 China Letter _ Dan Wang
the thinking ocean i’m Solaris
We could say the same for markets
Psychology: Just as you think better if you array knowledge on a bunch of models that are basically answers to the question, why, why, why, if you always tell people why, they'll understand it better, they'll consider it more important, and they'll be more likely to comply. Even if they don't understand your reason, they'll ... See more