Howard Marks: “I don’t think most investors worry about volatility. In fact, I’ve never heard anyone say, ‘The expected return isn’t high enough to withstand all the volatility.’ They worry about It’s the possibility of permanent capital loss.”
Category: Investing Guru
Keynes’ investment principles and achievements
To help you understand Keynes, I suggest readers first read my post four years ago, “John Maynard Keynes, Investment master“ The only academic investment master The following are some of Keynes’ special achievements in investing: Related Works by Keynes There are some books related to Keynes’ investment in the market, which are listed below for … Continue reading “Keynes’ investment principles and achievements”
Are you honest as an investor?
Being honest with yourself is the first step to successful investing. People who cannot be honest with themselves can only live a mediocre life (which is not a bad thing), but they will never achieve anything that satisfies them.
How Buffett decide on CEOs?
In Buffett’s 2024 Berkshire Hathaway shareholder letter, I will now quote directly (in italics) some of the considerations he personally believes are important how buffett decide on CEOs?
How Buffett’s new stake in Constellation Brands make money?
Constellation Brands owns seven of the top 100 best-selling premium wine brands in the U.S., including Meiomi and Kim Crawford in the top ten.
Investment vs speculation
Jesse. Livermore’s opinion on investment vs speculation is really to the point: speculators want possibilities, while investors want value.
The Charlie Munger Way-Key points from Munger Daily Journal’s 10 years of shareholder meetings
I spent several days and finished my reading of book The Charlie Munger Way, it’s a collection of all the transcripts of the Q&A of Munger Daily Journal (ticker: DJCO)’s sessions at shareholder meetings during his 10 years (2014-2023) Summarized my personal thoughts and ideas in the article you are reading now.
In the crowd, it’s impossible to think independently or keep sane
The crowd, groups of people, when clustered together, have a collective unconsciousness
Buffett’s 2025 Berkshire Shareholder Letter
The following is the internet link of Buffett’s 2025 Berkshire Shareholder Letter, including English version and Chinese version
Statistics can be deceiving
The most serious and most capable of changing statistical results is preconceived ideas “Shoot before set target”────because statistics and market surveys belong to more fields of non-science, and the mathematics and statistics involved in the middle are just tools . It is people who report and interpret in the end; as long as there are people, there will be prejudice.