This is the most scientific book on investing I’ve read so far. No wonder Warren Buffett is an avid reader of Howard Marks’s writeups. Asking ChatGPT what the “gist” of Howard Marks: The book “The Most Important Thing Illuminated” is a guide to investing and financial markets, written by Howard Marks, the co-founder and co-chairman … Read more
Found this book thanks to a podcast and it has become one of my favorite books about not only investing but general wisdom for a better life. Here are some of my favorite highlights. Work hard so you have conviction One morning, I was standing beside him when he rang his office to check in. … Read more
“I’m the Richest Guy in the World” When I think about what constitutes a successful and abundant life, the investor who embodies it best for me is Arnold Van Den Berg. He’s not a billionaire or a genius. He doesn’t own a yacht or a plane. Yet there’s nobody in the investment world whom I … Read more
One episode of Dirty Money where Fahmi short sells Valeant Pharmaceuticals, explains how short-sellers are natural contrarian thinkers. Howard Marks, the author of The most important thing illuminated which is one of my favorite books in investing, does a great job explaining the importance of being a contrarian. I thought about how to learn more … Read more
This is the second book I read Peter Lynch, which is one of my favorite investors. Check out the first one here. One of the reasons or perhaps the biggest reason I like to learn from Peter is because he has a way of communicating his common sense in an understandable way. Simplifying complex things … Read more
Introducción Crypto es la mejor oportunidad de inversión desde el nacimiento de Bitcoin, y la mejor oportunidad para las nuevas generaciones. Alguien dijo “crypto is the great equalizer” y hay mucha verdad en eso. No importa si sos una persona humilde que vive en un país del tercer mundo, con nada más que una conexión … Read more
Decidí rehacer un post popular del 2017 porque las cosas han cambiado. Ahora es posible comprar bitcoin con una taza super baja del 2% desde Paraguay. Y sin intermediario. Pasos para comprar Bitcoin Requisito es, tener una tarjeta de crédito. Paso 1: Registrarte en Binance Paso 2: Entrar en el menú Buy Crypto y luego … Read more
I discovered Peter Lynch while listening to The Art of Investing – Lessons from History’s Greatest Traders. That audiobook is like a mini MBA in investing. A great starting point to discover people to follow and books to read. I remember that night so well, it was magical because I went photo-shooting while listening to … Read more
My high expectations for this book turned out to be accurate. What it takes is a must read if you are interested in the reasoning process one of the biggest investors uses to make good decisions. The Blackstone Way After messing up an investment he himself approved, Schwarzman implemented a method in which ideas are … Read more
Years ago I created a collection of my favorite Quotes from Warren. I think investors like him and Charlie Munger are great aggregators of wisdom because it’s a requisite of long-term investing in my opinion. And with investing I don’t just mean money, time is the most important investment we all make, whether we do … Read more
In this excerpt from What it takes, Stephen Schwarzman explains how Blackstone developed it’s highly risk-averse and impersonal investing strategy. His system differs from that of Warren Buffett which I find highly interesting. Warren makes decisions on his own mostly, at Blackstone there is a process through which investing decisions have to go. THERE ARE … Read more
In this excerpt from What it takes, the CEO and co-founder of Backstone brings clarity to economic cycles and how to deal with them effectively in investments. The success of any investment depends in large part on where you are in the cycle when you make it. Cycles can have a major impact on the … Read more
This book is so good I read it twice, and probably will read it again within a year. There is just so much insight and it rings to true to me. This book is about finding what self-made Billionaires have in common. Searching answers for questions like. What skills, habits, talents or life experiences distinguish … Read more
Jack Ma is the co-founder of Alibaba, one of the world’s biggest online Business to Business sites as well as other highly successful Chinese ventures like Alipay, Aliexpress, Tmall and Taobao. Having read Made in America, The Everything Store and Delivering Happiness, this book was a natural choice. Charisma and Vision If there is something … Read more
Last time we read about Empathetic Imagination, one of the defining characteristics of self-made Billionaires. Another characteristic is Patient Urgency. It means feeling an urgency to have everything in place at the right time and sustaining that urgency during prolonged periods of time. The Self-made Billionaire Effect explains. They always say time changes things, but … Read more
I’m fascinated by a book which explains what Self-made Billionaires have in common. One of the key factors of self-made billionaires is their ability to be empathic enough to understand the needs of other people, and imaginative enough to find and evaluate solutions to those problems. The Self-made Billionaire Effect explains. Inspiration exists, but it … Read more
“That year, 15,000 people came to Omaha’s Woodstock for Capitalists. Buffett’s $36 billion fortune was once again exceeded only by Bill Gates’s. He had bounced back, almost to the top of the heap. “What is the ideal business?” a shareholder asked when the questions began. “The ideal business is one that earns very high returns … Read more
This excerpt from the book Snowball explains why taking debt to make up losses is tempting but not good. “The advent of the Bloomberg terminal, symbol of the new computerized trading, mirrored the ongoing struggle over Salomon’s identity, which continued within the firm. Its laggard businesses had never gotten back on their feet. In 1994, … Read more
Warren Buffet’s biography The Snowball is a fascinating read. The following chapters will show you how Warren Buffet made his first profit from buying stocks at the age of 11, and his first big mistake. “A year later, he brought forth the kernel of his reality. To his family’s amusement and surprise, by the spring … Read more
Warren Buffet and Charlie Munger explain why volatility does not equal risk. This reasoning applies beautifully to cryptocurrency investing, in my opinion. Another important lesson is to not put too much trust in charts and statistics but rather apply, as Charlie calls it, “enlightened common sense.” “Buffett noted with fascination that what is taught about … Read more