Charles Munger: Civilized People Don’t Buy Gold

Here’s some classic Munger wisdom on ‘gold’ as an investment: Q3 hedge fund letters, conference, scoops etc“I think gold is a great thing to sow into your garments if you’re a Jewish family in Vienna in 1939 but, I think civilized people don’t buy gold, they invest in productive businesses.”(Source: [...]

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Peter Lynch: 27 Timeless Investing Lessons

We’ve just been re-reading Peter Lynch’s classic book – One Up On Wall Street. In it, Lynch provides 27 timeless investing lessons. Here’s an excerpt from the book: Q3 hedge fund letters, conference, scoops etcSometime in the next month, year, or three years, the market will decline sharply Market declines are great [...]

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David Einhorn: Q32018 Top 10 Holdings

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of [...]

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Jeremy Grantham: 4 Books That Every Investor Should Read

We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Q3 hedge fund letters, conference, scoops etcCharles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every [...]

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Shareholder Activism Is On The Rise: Caution Required

Here’s a great article at Forbes about a new generation of activist shareholders: Q3 hedge fund letters, conference, scoops etcHistorically, large institutional investors pursued purely financial strategies and kept a low profile in governance. This may no longer be the case. In a manner vaguely reminiscent of the corporate raiders [...]

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Ray Dalio: 20 Books That Every Investor Should Read

We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Q3 hedge fund letters, conference, scoops etcCharles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every [...]

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Daniel Kahneman: The Trouble With Confidence

Here’s a great little video by Daniel Kahneman on the trouble with confidence. Kahneman makes the point that from a societal perspective confidence is generally very good, but from an individual’s point of view confidence is typically not always good. Q3 hedge fund letters, conference, scoops etcHere’s an excerpt from [...]

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Seth Klarman: One Of Society’s Most Vexing Problems Is The Relentlessly Short-Term Orientation That Manifests Itself In Investing

We’ve just been reading Seth Klarman’s latest speech at the Harvard Business School. During the speech Klarman provides some great insights into the problems with a short-term orientation in investing. Q3 hedge fund letters, conference, scoops etcHere’s an excerpt from the speech: Consider corporate time horizons. It’s a choice to attempt [...]

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Bruce Berkowitz: 15 Books That Every Investor Should Read

We recently started a series called – Superinvestors: Books That Every Investor Should Read. So far we’ve provided the book recommendations from: Q3 hedge fund letters, conference, scoops etcCharles Munger: 32 Books That Every Investor Should Read Seth Klarman: 32 Books That Every Investor Should Read Warren Buffett: 35 Books That Every [...]

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Joel Greenblatt: Q32018 Top 10 Holdings

One of the best resources for investors are the publicly available 13F-HR documents that each fund is required to submit to the SEC. These documents allow investors to track their favorite superinvestors, their fund’s current holdings, plus their new buys and sold out positions. We spend a lot of [...]

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Charles Munger: A Parody About The Great Recession

One of the best articles ever written about the ‘Great Recession’ is Charles Munger’s – Parody Describing The Contributions of Wantmore, Tweakmore, Totalscum, Countwrong, and Obvilious To The Tragic ‘Great Recession’ in Boneheadia and The Thoughts of Some People Relating To The Disaster. Q3 hedge fund letters, conference, scoops etcWhile [...]

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