In the book Margin of safety, Seth Klarman cited, "Most investors are primarily oriented toward return, how much they can make, and pay little attention to risk, how much they can lose." In retrospect, I found this was true. I wonder how often I have made decisions without reckoning. But…
Peter Lynch dedicated an entire chapter "Earnings Earnings Earnings" in his book "One up on wall street." Charlie Munger and Warren Buffett always talk about cash flows. I learned a great deal from their wisdom, but the impact of earnings wasn't clear to me at first. I have witnessed wild…
The pain of losing is psychologically twice as powerful as the pleasure of gaining. These were the findings of Daniel Kahneman and Amos Tversky's published paper, "Prospect Theory: An Analysis Of Decision Under Risk." You may not know, but it is also a reason why a lot of us buy…
In a meeting with Warren Buffett, Jeff Bezos asked, "Your investment thesis is so simple. Why doesn't everyone just copy you?" Warren Buffett responded to Jeff by saying, "Because nobody wants to get rich slow." In my last post, I went seeking my financial goals. I came up with two things.…
It was another relaxing day. While sipping my coffee, I talked to my wife about life in general. We discussed whether we were doing well in achieving our career goals or whether extra efforts were necessary. The conversation was long but gratifying. We were able to put pieces together and…