One way to answer this question is to say: Luck matters more in an absolute sense and hard work matters more in a relative sense. The absolute view considers your level of success compared to everyone else. What makes someone the best in the world in a particular domain? When viewed at this level, success … More Absolute Success vs. Relative Success [5mins]
Ray Dalio Ray Dalio is an American billionaire investor, hedge fund manager, and philanthropist. Dalio is the founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds. As of January 2018, he is one of the world’s 100 wealthiest people, according to Bloomberg. Below are my favorite videos from Ray Dalio’s collection. This is one of the … More Ray Dalio: Life + Business lessons [Videos]
Quick checklist from the book ‘The Art of Short Selling’ written by Kathryn F.Staley. One of the masterpieces on the art of short selling. A checklist for shorting stocks: Analyse the financial statements Fuzzy assets, inventories, receivables Proxy statements Cash flow is the King! Greed and Sleaze Management pay scheme Proxy statements Options awarded to … More Investing Wisdom series 4: Checklist for shorting stocks [7 mins]
Seth Andrew Klarman is an American billionaire investor and hedge fund manager. He is known as a value investor, and is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982. He closely follows the investment philosophy of Benjamin Graham and is known for buying unpopular assets while they are undervalued, seeking a margin of safety and profiting from … More Investing Wisdom series 3: Books suggested by Seth Klarman [5mins]
Howard Stanley Marks is an American investor and writer. After working in senior positions at Citibank early in his career, Marks joined TCW in 1985 and created and led the High Yield, Convertible Securities and Distressed Debt groups. In 1995, he left TCW and co-founded Oaktree Capital Management. In the 2017 Forbes rankings of the wealthiest Americans, Marks was ranked the #374 … More Investing Wisdom series 2: Distressed checklist – Howard Marks (Oaktree Capital) [2mins]
Sir John Marks Templeton was an American-born British investor, banker, fund manager, and philanthropist. In 1954, he entered the mutual fund market and created the Templeton Growth Fund (One of the largest Mutual Fund player globally). In 1999, Money magazine named him “arguably the greatest global stock picker of the century. Sir John Templeton’s 16 … More Investing Wisdom series 1: Sir John Templeton’s rules of investing [2 mins]
Dear Readers, I have decided to launch the investing wisdom series where on a weekly basis I will be sharing strategies and styles of various successful investors across the globe. The idea is to consolidate all the strategies and styles in one place so that it becomes a ready reckoner for all the budding investors. … More Investing Wisdom series: Launch
Hello everyone – It’s been quite a while since I have posted anything. Two of my very close school friends got married recently. I guess a friend’s wedding is a great escape for a good vacation and a reunion of school buddies. I am currently reading this amazing book written by Howard Marks – “The … More Some thoughts on “RISK”
Source: Equitree
