Adaptability

Adapt and stay alive long enough to get lucky

(Excerpt from A Short History of Money Market Funds by Ben Carlson) Vanguard’s first index fund hit the market in the summer of 1976. It was a complete bust, raising just over $11 million in capital from investors....

June 5, 2021| Adaptability, Founder, Luck Read More

The career, business or investment with the best ROI is often dismissed and not well documented

(Excerpt from The Interesting Times 23 Apr 2021 by Taylor Pearson) If you stumble on what looks like a great opportunity that the market is ignoring, 99 times out of 100, the market as a whole knows something you...

April 24, 2021| Adaptability, Availability Bias, Investing, Learning, Stereotype, Strategy Read More

Ben Graham kept changing his investment formulas and ultimately investing became too competitive

(Excerpt from The Psychology of Money by Morgan Housel) Graham was constantly experimenting and retesting his assumptions and seeking out what works—not what worked yesterday but what works today. In each revised...

September 28, 2020| Adaptability, Investing Read More

Be adaptable like water

You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in a bottle, it becomes the bottle. When you pour water in a teapot, it becomes the teapot. Water can...

August 14, 2020| Adaptability, Ego, Learning Read More

Investing strategies need to evolve

(Excerpt from Keep Running! By Morgan Housel) In his book Investing, Robert Hagstrom wrote about strategies that once worked but eventually withered: In the 1930s and 1940s, the discount-to-hard-book-value strategy...

July 31, 2020| Adaptability, Investing, Map Is Not Territory Read More

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