Sublime
An inspiration engine for ideas
A barbelled personality—optimistic about the future, but paranoid about what will prevent you from getting to the future—is vital.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Seth Klarman • Seth A. Klarman remarks at MIT
In short, all of us in the industry made a fundamental underwriting mistake by focusing on experience, rather than exposure.”
William Green • Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Clayton Christensen’s influential book on business strategy describes how new players in a market start with seemingly undesirable niche segments, which are ignored by incumbents while they are focusing on the most profitable segments and use cases.
Andrew Chen • The Cold Start Problem: How to Start and Scale Network Effects
If the investor is to rely chiefly on the advice of others in handling his funds, then either he must limit himself and his advisers strictly to standard, conservative, and even unimaginative forms of investment, or he must have an unusually intimate and favorable knowledge of the person who is going to direct his funds into other channels.
Benjamin Graham • The Intelligent Investor, Rev. Ed (Collins Business Essentials)
Avoid the extreme ends of financial decisions. Everyone’s
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
I'd seen enough hitting behind the ball. By playing it safe, you can make a portfolio so pablum-like that you don't get any sizzle. You can diversify yourself into mediocrity. This sounds like heresy to many advocates of modern portfolio theory, but sticking our neck out worked for Windsor.I