Category: Articles
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A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business
I’m going to play a minor trick on you today because the subject of my talk is the art of stock picking as a subdivision of the art of worldly wisdom. That enables me to start talking about worldly wisdom—a much broader topic that interests me because I think all too little of it is…
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Michael Steinhardt’s Guidance for Investment
Michael Steinhardt is the author of the book No Bull: My Life In and Out of Markets Which investors prefer to read for long time investment success. The book gives an account of some of the investment strategies that drove Steinhardt’s historic success as a hedge fund manager, including a focus on his skills as…
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The Buffett Formula: Going to Bed Smarter Than When You Woke Up
Most people go through life not really getting any smarter. Why? They simply won’t do the work required. It’s easy to come home, sit on the couch, watch TV, and zone out until bedtime rolls around. But that’s not going to help you get smarter. Sure, you can go into the office the next day…
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The HDFC merger – Can the $60 billion elephant dance?
The Story “As the son grows older, he acquires the father’s business.” That’s how Deepak Parekh, the chairman of HDFC Ltd explained the merger between the 45-year old HDFC Ltd and its 28-year old banking offspring HDFC Bank. And you know what? It’s a nice way of summarizing this merger (apart from the gender reference…
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The Difference Between Amateurs and Professionals
Why is it that some people seem to be hugely successful and do so much, while the vast majority of us struggle to tread water? The answer is complicated and likely multifaceted. One aspect is mindset—specifically, the difference between amateurs and professionals. Most of us are just amateurs. What’s the difference? Actually, there are many…
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Charlie Munger: Adding Mental Tools to Your Toolbox
In The Art of War, Sun Tzu said: “The general who wins a battle makes many calculations in his temple before the battle is fought.” Those ‘calculations’ are the tools we have available to think better. One of the best questions you can ask is how we can make our mental processes work better.…
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How to Win Friends and Influence People… in 10 Minutes — Full Summary
“How to Win Friends and Influence People” is one of the most popular self-improvement books ever written. Over 15 million copies sold and to this day people swear by the book. We swear by it. We’ve translated many of the principles in the book to help create an inbound lead generation system that consistently doubles our clients leads…
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24 Lessons From Jeff Bezos’ Annual Letters To Shareholders
Since founding Amazon in 1994, CEO Jeff Bezos has run his company according to an unconventional set of core principles: don’t worry about competitors, don’t worry about making money for shareholders, and don’t worry about the short term. Focus on the customers, and everything else will fall into place. Since 1997, Amazon’s stock price has risen from…
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Bill Gates Life History in one Picture: Infographics
Bill Gates, the full name of William Henry Gates III born in October 1955 in Seattle (US). He founded Microsoft and brought it one of the top software company in the world. Beside an entrepreneur, he is also a software engineer and philanthropist. On December 28, 1955, William Henry Gates III, the official name of…
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10 Important Lessons From Warren Buffett’s Annual Letters To Shareholders
Global Economies 1. America is not in decline — it’s becoming more and more efficient In 2009, while America was still gripped by the effects of the Great Recession, Berkshire Hathaway made one of its largest purchases ever: BNSF Railway Company. He called it an “all-in wager on the economic future of the United States.”…