From Peter Bevelin's "All I want to know is where I'm going to die so I'll never go there." Investing tips from Buffet, Munger, and Bevelin: "I pay no attention to economic forecasting. I worry about being in good business with good people. That's all I focus...
Decision Making Articles
My favorite quotes from Buffet and Munger
From Peter Bevelin's "All I want to know is where I'm going to die so I'll never go there." My Favorite Quotes from Bevelin's Book: "This modern generation, which has gotten so good at doing two or three things at once- multi-tasking, aided by electronic devices- I'll...
Test ideas or “ooch” before leaping into them.
From Chip Heath's "Decisive" Test ideas or "ooch" before leaping into them. "To ooch is to construct small experiments to test one’s hypothesis." (p. 116) Ooching = "running small experiments to test our theories. Rather than jumping in headfirst, we dip a toe in."...
Some general principles by Ray Dalio
From Ray Dalio "Principles" 1, Instead of saying “I know I’m right, one should ask, “How do I know I’m right?" "None of us is born knowing what is true; we either have to discover what’s true for ourselves, or believe and follow others. The key is to know which path...
Close Minded Vs Open Minded
From Ray Dalio "Principles" 1. Closed-minded people don’t want their ideas challenged. They are typically frustrated that they can’t get the other person to agree with them instead of curious as to why the other person disagrees. They feel bad about getting something...
My Favorite Warren Buffet quotes
From Peter Bevelin's "From Darwin to Munger" My Favorite Warren Buffet Quotes: "I have learned mainly by reading myself. So I don’t think I have any original ideas. Certainly, I talk about reading Graham. I’ve read Phil Fisher. So I’ve gotten a lot of my ideas...
My Favorite Charlie Munger Quotes.
From Peter Bevelin's "Seeking Wisdom, from Darwin to Munger" My Favorite Charlie Munger Quotes: "without lifetime learning, you people are not going to do very well. You are not going to get very far in life based on what you already know. You’re going to advance in...
Naval Ravikant Quotes
My Favorite Naval Ravikant Quotes: "I don’t know about you, but I have very poor attention. I skim. I speed read. I jump around. I could not tell you specific passages or quotes from books. At some deep level, you do absorb them and they become part of the threads of...
Is Overconfidence Good or Bad?
From Daniel Kahneman "Thinking, Fast and Slow" Is Overconfidence Good or Bad? "Psychologists have confirmed that most people genuinely believe that they are superior to most others on most desirable traits—they are willing to bet small amounts of money on these...
How to predict something according Daniel Kahneman
From Daniel Kahneman "Thinking, fast and slow" People forecast and predict all kind of things. Financial analysts forecast earnings, Economists forecast inflation, contractors predict the time it will take to finish their project, people forecast how much growth of...