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I’ve never hid my growing admiration for investment mimicry. While much ink is spilled daily by pundits recommending this and that, I’ve come to the realization that most of this is just emotionally-driven noise. This breakthrough in thought, that investors would be better off just aping proven investment techniques, led to my backing and promoting [...]
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Really nice article at Can Turtles Fly? entitled, “Charlie Munger: Stock market as a pari-mutuel betting system“. The ultimate market commentator/psychologist, the post quotes Berkshire’s Munger and his core tenets on investing, culled mostly from an undated speech, “The Art of Stock Picking.” Beyond being a really interesting read, the speech details Munger’s proposition that [...]
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Interesting meme going around launched by an article in the Atlantic, entitled “What Would Warren Do?“. Megan McArdle raises some good points and the article and it’s worth a read. Specifically, McArdle raises a couple salient issues: Inability to distill Buffett investing into systematic approach: As opposed to a more purely arithmetic approach that Graham [...]
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Major hat tip to Manual of Ideas on a great, informative interview with Guy Spier, of Aquamarine Capital Management. Definitely read the whole interview and check out The Manual of Ideas. There’s consistently really good content being produced there. I just wanted to emphasize a couple of things Spier said as they relate to things [...]
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