“The only way to win is to work, work, work & hope to have a few insights.”
– Charlie Munger
Insights are incredibly rare. I know that this insight itself is going to be lost on many of us. It was certainly lost on me for a while. I follow 200+ people on twitter & if at least 10% of them share some unique reading material everyday, that means I need to read at least 20 new things, each day. Well, great way to learn about the world, but is it something that I want to learn, today?
Does staying fit help in anyway to become a good investor?
I was listening to a very honest interview, with Mikael Syding, a former hedge fund manager from Sweden. What struck me the most about this interview, were not just his thoughts on investing but also about fitness.
The Truth can be adjusted
Lately, I have been spending a lot of time reading business biographies. I have always been enamoured by the ability of some investors to weave stories and narratives out of historical facts.
True history of the world is the history of great conversations.
– Tyrion Lannister (Game of Thrones)
A Pensive Tyrion, Picture from HBO
If you have caught up with the last week’s episode of Game of Thrones, you’d have noticed Tyrion drop this line. It’s one of those moments when life connects with art.
The fundamental impulse that sets and keeps the capitalist engine in motion comes from the consumer’s goods, the new methods of production or transportation, the new markets, the new forms of industrial organization, that capitalist enterprise creates.
– Joseph Schumpeter
I love Apple products. But that’s not what this post is about. It’s about a very interesting concept which we all fall prey to at some point in time. We (humans) always crave new experiences. In fact as Schumpeter says in the quote above, making new things is a sign of growth. What he doesn’t mention there & is perhaps hidden between the lines is that it only works when we’ve mastered the other things we’re previously good at. New for him meant incremental.
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