“In fact, you can argue that if you're not willing to react with equanimity to a market price decline of 50% two or three times a century you're not fit to be a common shareholder, and you deserve the mediocre result you're going to get compared to the people who do have the temperament, who … Continue reading A Bat Swan →

Welcome to my Reflections on Investing.  “Why are great investors so highly lauded? What makes them great? Can anyone become great?” Simple questions sparked my interest; complex answers solidified my passion.  I am completely fascinated by the intellectual and emotional challenge of investing. The discipline offers an unparalleled opportunity to learn about businesses, society, markets, … Continue reading Hello (investing) World* →