Daniel Bakalarz
- 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
from Reflections on the Ten Attributes of Great Investors by Dan Callahan
- 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
from A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994 by Charlie Munger
- It's not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it—who look and sift the world for a mispriced be—that they can occasionally find one. And the wise ones bet heavily when the world offers them that opportunity. ... See more
from A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994 by Charlie Munger
- Science fiction is powerful because it opens your mind to the fact that the future can look really different. And even though the last 250 years of history have seen crazy change – from the locomotive, airplane, moon landing, computers, to nuclear power – human beings are still linear thinkers. I think that training your mind for the potential of n... See more
from Security Error | Columbia Business School by Gavin Baker
- 9. Position sizing (maximizing the payoff from edge).
from Reflections on the Ten Attributes of Great Investors by Dan Callahan
- “If I’m doing something that feels too well understood for too long, then I feel like I’m just being complacent.”
from 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) by Mark Zuckerberg
- As the father of value investing, Benjamin Graham, advised in 1934, smart investors lookto the market not as a guide for what to do but as a creator of opportunity.
from Seth A. Klarman remarks at MIT by Seth Klarman
- What is elementary, worldly wisdom? Well, the first rule is that you can't really know anything if you just remember isolated facts and try and bang 'em back. If the facts don't hang together on a latticework of theory, you don't have them in a usable form.
from A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994 by Charlie Munger
Reflections on the Ten Attributes of Great Investors
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