Mental Models
Tag Archive
“I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.” Bruce Lee...
September 9, 2019|
Focus
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(Extracted from Fooled by Randomness by Nassim Taleb) Nero believes that risk-conscious hard work and discipline can lead someone to achieve a comfortable life with a very high probability. Beyond that, it is all...
September 8, 2019|
Life, Randomness
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(Extracted from Antifragile by Nassim Taleb) If you put 90 percent of your funds in boring cash (assuming you are protected from inflation) or something called a “numeraire repository of value,” and 10 percent...
September 8, 2019|
Investing, Nonlinearity
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My largest positions are not the ones I think I’m going to make the most money from. My largest positions are the ones I don’t think I’m going to lose money in. Joel Greenblatt...
September 8, 2019|
Inversion, Investing
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“We diversify substantially less than most investment operations. We might invest up to 40% of our net worth in a single security under conditions coupling an extremely high probability that our facts and reasoning...
September 8, 2019|
Focus, Investing
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If you took our top fifteen decisions out, we’d have a pretty average record. It wasn’t hyperactivity, but a hell of a lot of patience. You stuck to your principles and when opportunities came along, you pounced on...
September 8, 2019|
Investing, Nonlinearity
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(Excerpt from Anything You Want by Derek Sivers) If you’re not saying “HELL YEAH!” about something, say “no.” When deciding whether to do something, if you feel anything less than “Wow! That would be...
September 8, 2019|
Focus
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“People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I’m...
September 8, 2019|
Focus, Via Negativa
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(Extracted from Berkshire Hathaway 1997 Shareholder Letter) We try to exert a Ted Williams kind of discipline. In his book The Science of Hitting, Ted explains that he carved the strike zone into 77 cells, each the size...
September 8, 2019|
Focus
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(Extracted from gatesnotes) At first glance, Warren and I may seem like a mismatch. I’m a technology nerd. He’s an investor who doesn’t use email. In fact, I never expected to be friends with him. In...
September 8, 2019|
Focus
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