Derivatives explained

Excerpt from the book The Snowball: Warren Buffett and the Business of Life “At the time that Buffett invested in Salomon, the market was near a breaking point. In his shareholder letter the previous March, he had said that money managers were so hyperkinetic they made “whirling dervishes appear sedated.” He didn’t have a partnership to … Read more

“Don’t be, or hire a specialist” ?

Some thoughts on this quote mentioned by Jonathan Rosenberg. Don’t hire specialists, especially in high tech. Change is the only thing permanent. “I have no special talent just passionate curiosity.” ~ Einstein. I find this statement so funny because it is like a bitch-slap to modern education. Of course the way the world works right … Read more

Invisible Influence — Summary

Become aware of how other people influence you without you even noticing it Your decisions are influenced from the outside, while you are unaware of it We tend to be influenced by other people and our surroundings, at least whenever we are unconscious of those influences. Let’s look at a study to understand why. Richard Moreland of … Read more