Daniel Bakalarz
@danielbakalarz
Investor at https://unisonam.com
unisonam.comDaniel Bakalarz
I am not a believer in having an investment thesis. That is the wrong way to approach investing because what you really want to do is search for disconfirming information, not confirm what you already believe.
Gavin Baker • Security Error | Columbia Business School
You can pretty much, I think, get an organization and a team through almost any challenge as long as you can maintain good cohesion.
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)
2. Move Fast with Stable Infrastructure. And basically the new bet was we were going to invest disproportionately in building up good infrastructure and abstractions inside our companies.
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)
The goals of financial statement analysis are twofold. The first is to translate financial statements into free cash flow. The second goal of financial statement analysis is to make a link between a company’s strategy and how it creates value. One simple way to do this is to compare, line by line, two companies that are in the same business.... See more
Dan Callahan • Reflections on the Ten Attributes of Great Investors
This is the difference between dissonance and resonance. When head and body are aligned or conflicted. As in the famous example of George Soros and his back pain, bodily sensation is a key indicator of unconscious dissonance; of when your intellect is missing something important from the outside world. His back hurt when his portfolio was... See more
thekcpgroup.com • The Attention Span. “Racehorses and Psychopaths.”
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.
Guatam Baid • Five biggest takeaways from Warren Buffett and Charlie Munger’s Berkshire Hathaway annual meet
everybody agrees that stores have value in an online world. Even if you make no money in a store, it lowers your online cost of acquisition. This is the reason all these DTC brands are opening stores. Stores have value.
Gavin Baker • Security Error | Columbia Business School
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.
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
François Rochon, founder of Giverny Capital, has achieved a 30-year 15.7% CAGR.
His annual letters are a must read for any LT quality investor.
I compiled them all in one PDF (+350 pgs). You can download it from the link below!
🔗https://t.co/RF7kqrU1sz... See more