All of humanity’s problems stem from man’s inability to sit quietly in a room alone.
― Blaise Pascal
I have often marvelled at the simple logic of this statement. As investors we seem to value the importance of not doing anything, from time to time, but sitting in a room is easier said than done especially if the chair is uncomfortable.
“Reason is a slave of the passions.”
– David Hume.
The most amazing advantage of reading books is that from time to time we get an opportunity to be blown away by an idea or an approach towards a topic. We see this being mentioned again & again. Like Buffett being influenced by “The Intelligent Investor” or Tim Cook being moved by “Competing Against Time” or the famous Jeff Bezos’ Reading list & so on.
The beauty of being influenced by books is that it can be never ending. It leads to opening up of more unexpected avenues of learning, about ourselves & the world.
A lot has been said about cloning in investing but a lot is left unsaid. Cloning is interesting because it exposes us to new investment ideas. Cloning becomes dangerous when we use it to clone someone’s process.
Risk aversion is what keeps the market honest & sane
Is there something like ‘too much trust’? Can there be a situation where we so blindly accept our fate in the future that we forget that there ever was something like uncertainty?
Source: Image from the film “Sully”
No one has ever trained for an incident like that.
– Captain Chesley “Sully” Sullenberger (Sully, 2016)
I watched the film Sully, recently. It’s a story about something that happened in USA, why should it really matter to us? After watching the film I realise how much we underrate the importance of the infrastructure that is around us. In direct relation to the film, The safety board, the aviation unions, the emergency services, the ATC crew, the flight crew. The image, sourced from the film, attests to the fact that it does take a collective effort to make things work smoothly.
Powered by WordPress & Theme by Anders Norén