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
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
This book entered my reading list while listening to the Tim Ferriss show 367. Bill Campbell, the coach this book writes about, immediately caught my interest. Here is Eric from the podcast: So Jonathan, Alan, and I have written a book called Trillion Dollar Coach and Bill Campbell is, at least in our opinion, the most successful … 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
Yesterday I sat down to enjoy Elon’s interview at Air Force Space Pitch Day and wrote down some notes. Elon is brilliant at distilling business to the core principles. It’s his way of applying first-principles thinking. Make something that print’s money At the 2019 Earnings Call Elon explained his business model for Tesla’s Solar Energy. … Read more
I have been wanting to read biographies about Bill Gates for a while. Searching for them brought me to this book which he wrote himself. An opportunity I wouldn’t let escape. Sure, a lot of what Bill talks about in this book is no longer something new, most of the things he predicted in 1999 … 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
This autobiography did not disappoint. I especially enjoyed the first half of the book. It is where Tony recounts some of his first business ventures. The first one he created in elementary school. The inspiration came from a book he borrowed from his friend, called Free Stuff for Kids. In it, he found a button-making … Read more
Delivering Happiness: A Path to Profits, Passion, and Purpose. I started this book because it was mentioned several times in Alex’s book The Third Door. I just felt this very intense intuition that it would turn out to be a great book to read for me at this time, turned out to be right. I … 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
This is a book excerpt from the book The Self-made Billionaire Effect by John Sviokla. The book caught my attention first when I saw an interview with Tai Lopez and GaryVee. Tai mentioned this book when Gary explained how he lives by seemingly contradictory principles like patience and an urgent drive to act. Being egotistical … Read more
Definitively this book is under my top books that deliver high value in a concise manner. No fillers made it into this book that is for sure! Just as I like it. This book will give you practical and proven business advice. No jargon, no academical theory, just down to earth information. Things that should … Read more
Absolutely sure that one of the most important things I learned about lately is perspective. Let me clarify that statement, I didn’t experience perspective the first time, already did that years ago through difficult experiences, but it wasn’t until listening to GaryVee that I understood perspective is really a big, huge thing. “If you can … Read more
If you are in a situation where you feel stuck and bad because it seems like you can’t get where you want to be while other people seem to easily make it, highly recommend you go watch this interview with Gary V. and a 22 yo girl called How One Video Can Change Your Life. … Read more
I live in Paraguay where labor is cheap. Everywhere you see people performing work which could easily be automated or done more efficiently. That is what I noticed when I moved to Germany. There weren’t security guards in front of every medium to big business, not even in the banks. Sure, it is safer over … 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
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
The book University of Berkshire Hathaway resumes the relevant lessons learned from the Shareholder meetings of Berkshire Hathaway. I got some very good insights into Warren Buffett’s and Charlie Munger’s wisdom from this little book. About the author’s After graduating with a philosophy degree — Daniel Pecaut, the author of this book — started to … Read more
Let’s discuss the pro and cons of technical vs fundamental analysis. I’ll list the arguments made in the book Technical Analysis of the Financial Markets and add my own thoughts. Quotations from the book are marked in italics. What is technical analysis? Technical analysis is the study of market action, primarily through the use of charts, … Read more