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No Points for Degree of Difficulty
In my first investment company, we had a very complex structure with multiple layers of investors (five, to be exact), with various types of security and returns. I was excited about the business…
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It's All About Family
Everything that we're trying to do is driven by a goal or ambition of some sort. We have accepted that goal because we're reacting to something internally. Maybe it's to be the biggest or the best at one thing or another…
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Expert Problem
In Thinking Fast and Slow Kahneman explains that our mind is always lightening its workload by creating shortcuts. When confronted with a difficult question, we change the question subconsciously without realizing it. For example, “Do I want to buy stock in Ford Motor Company?” turns to “Do I like Ford Cars?”.
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“Value Investing” is a Concept, Not an Investment Strategy
A good strategy to be successful in anything is to 1) recognize something that is undervalued and 2) show that value to others.