The fundamental law of investing is the uncertainty of the future. Peter Bernstein Although clearly not a scientific law, the above is one of my favorite quotes about investing because the emphasis is rightfully on the unknowable future. There are no calculable answers, there are equally justifiable bull and bear arguments, and there are plenty of … Continue reading Uncertainty and Luck
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A Bat Swan
“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
The Allure of Investing
"Investing is simple, but not easy."Warren Buffett The purpose of investing is to lay out some money today in order to get back more money in the future. Pretty simple, right? There are countless ways to invest money today in the hopes of collecting more money in the future. There are flaws in every single one … Continue reading The Allure of Investing
Hello (investing) World*
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*