Investing by thinking carefully about motivation: https://t.co/w5IAOoefzb

— Dan Ariely (@danariely) April 8, 2019

I’m sharing this knowing I probably can’t add anything to @IntrinsicInv incredible example of “cash flow bleed” being misleading. The @AswathDamodaran YouTube I cite is well worth the time. https://t.co/WpLvXv9Dv2

— Bill Brewster (@BillBrewsterSCG) April 18, 2019

Such deep insights to be gained on luxury businesses and well-aligned founding-families from Bernard Arnault's sustained success.

Among others, I valued Antoine's comments on the distinction between his father's talents and their consequences.. https://t.co/qUnqf7UeSY

— Soumil Zaveri (@SoumilZaveri) April 18, 2019

Looking for something new to watch. What are the most educational, interesting, or insightful videos on YouTube?

— James Clear (@JamesClear) April 17, 2019

Thread of great @mjmauboussin research

Introduces MEROI https://t.co/St2BcfBvNo

Reversion to the meanhttps://t.co/hYasvh2UjM

Luck vs. Skillhttps://t.co/NCOKv30kvC

Measuring Moatshttps://t.co/d5AyNa7zAN

WACChttps://t.co/09XGlOIpVF

Base Rateshttps://t.co/wD26H3OZHM

— Ryan Reeves (@investing_city) April 17, 2019

Guessing game time. Check out this "cash burner". Can you guess what company it is? It is super well known. Note the dates on the chart. pic.twitter.com/3r2NGuER8L

— Ensemble Capital (@IntrinsicInv) April 17, 2019

This video shows Warren Buffett & Charlie Munger at their best. Warren explains that a Graham Strategy only works with small capital amounts, some of the time &turnover is inverse to business quality. Charlie gives an example of when Phil Fisher went wronghttps://t.co/TJum9Li9WZ

— Alex Gilchrist (@alexjg888) April 17, 2019

Warren Buffett’s First Television Interview – Discussing Timeless Investment Principleshttps://t.co/DQeq0EghQ5

— Venkatesh Jayaraman (@VenkateshJayar2) April 16, 2019

How brilliant is this? @manualofideas 👍👍 pic.twitter.com/oZ1iTc2bMQ

— Madhusudan (@myinvestingedge) April 13, 2019

Some of the best bio / oral history books I’ve read recently:

-Ovitz
-I Love Capitalism (Langone)
-Call Me Ted (Ted Turner)
-Setting the Table (Meyer)
-The Gambler (Kerkorian)
-Cable Cowboy (Malone)
-Jerry Weintraub
-Live from NY (Michaels)

What do I need to add to the queue?

— Conor Witt (@ckwitt3) April 11, 2019

All of Richard Feynman’s lectures

The internet is incredible. https://t.co/N8PbP61Gyc

— Ryan Reeves (@investing_city) April 8, 2019

Some good stuff here. https://t.co/oSjdv6eJxH

— Phil Ordway (@pcordway) April 5, 2019

Interview with Tom Murphy of Cap Cities / ABC on management, working with Buffett, and his partnership with Dan Burke

(h/t ⁦@LennyIce⁩) https://t.co/ZsVguVwUVA

— Conor Witt (@ckwitt3) April 3, 2019

I often return to read this article. It’s an excerpt from @claychristensen’s book How Will You Measure Your Life. Topic: “The trap of marginal thinking” —> https://t.co/DVY01VZMJ3

— Jason Fried (@jasonfried) April 3, 2019

The Ferrari Way – A Case Study

• We are not the fastest or most comfortable car in the market but the best combination of the two

• Ferrari has intentionally limited production to create scarcity, something called – Deprivation Marketinghttps://t.co/kskyKPUIz6

— RichifyMeClub (@RichifyMeClub) April 3, 2019

The View from Burgundy: A Quarter Century of Investing (Second Edition)https://t.co/c5JSRIVAkF

— Chris Mayer (@chriswmayer) April 2, 2019

True. "The Board will work if the power-holder wants it to work, and it will not work if the power-holder does not want it to work, and generally the power-holder does not want it to work." https://t.co/2toTNm8VcR

— grigori milov (@grigorimilov) April 1, 2019

A classic, "The Grave Dancer: A guide to the risky art of resurrecting dead properties" by Sam Zellhttps://t.co/XDax0Jo7S8

— Chris Mayer (@chriswmayer) March 31, 2019

If you are an investor, and haven't read Scott Fearon's Dead Companies Walking, then please do yourself a favor and read that book.https://t.co/8hr2AoSlnG

— Sanjay Bakshi (@Sanjay__Bakshi) March 30, 2019

This is the best piece of science journalism I've ever read, and it's not even close. https://t.co/gAUpiVunPP

— Hannah Godofsky 💃🏼 (@h_thoreson) March 30, 2019

Always a pleasure to learn from Warren Buffett's insights.https://t.co/GreG9omzab

— Gautam Baid (@Gautam__Baid) March 29, 2019

Our article in MOI global. @manualofideas https://t.co/dUrmm8T09O

— Viraj Mehta (@virajmehta16) March 25, 2019

💯 agree. I love Epictetus. Here is the free audio version of The Enchiridion in form of a LibriVox podcast. Listening to it regularly! https://t.co/IGrP1gaRpM

— Remo Uherek (@remouherek) March 27, 2019

High cash balances can indicate at least 4 positives:
(1) Firm has been able to generate high cash levels
(2) Firm has not needed to deplete cash
(3) Firm is conservative in maintaining high levels of liquidity
(4) Firm potentially unwilling to commit to projects with low returns

— Alex Gilchrist (@alexjg888) March 26, 2019

Probably the best thing I’ve read is around “run off” margins from this @manualofideas post:https://t.co/wEAqROIVsa

— Alex LaPrade (@alexlaprade) March 24, 2019

Read summary of Factfullness by @HansHansrosling. Key human instincts which prevents us from seeing progress are:
1. Grouping – rich vs poor
2. Negativity
3. More of the same – Straight line extrapolation
4. Fear
5. Exaggerate problems

— Rajeev Agrawal (@rajeev_agr) March 24, 2019

New blog post: One of my favorite investment speeches, by Dean Williams of Batterymarch, from 1981. Lots of good stuff in his talk.https://t.co/f3MLLT7wPI

— Chris Mayer (@chriswmayer) March 21, 2019

"Other people's views and troubles can be contagious. Don't sabotage yourself by unwittingly adopting negative, unproductive attitudes through your associations with others." — Epictetus

— Remo Uherek (@remouherek) March 20, 2019

Here is an interesting audio presentation from Walter as well … https://t.co/13s4wEEOiQ https://t.co/AtVDCWJvOD

— Tyler G. Howell (@Tyler_G_Howell) March 18, 2019

Instead of asking, “Are you sure? Try asking, “How sure are you?”

“Are you sure” is a yes or no question. It demands unreasonable certainty.

“How sure are you?” allows for shades of gray. It says uncertainty is okay.

How often in a day do you casually ask, “You sure?”

— Annie Duke (@AnnieDuke) March 18, 2019

The five most important lessons I’ve learned in the past five years, in quote form:

1. “You can’t do a good deal with a bad person” –Warren Buffett

2. “Never wrestle a pig. You’ll both get dirty, but the pig will enjoy it” –Cale Yarborough

— Andrew Wilkinson (@awilkinson) March 17, 2019

"I read everything: annual reports, 10K's, 10Q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of the seats. Reading is key. Reading has made me rich over time.” — Warren Buffett

— Remo Uherek (@remouherek) March 15, 2019

I've said this before but it bears repeating: I got this idea, which is a good one, from @AnnieDuke! https://t.co/INn53twaVF

— Michael Mauboussin (@mjmauboussin) March 14, 2019

Masayoshi Son invented the first electronic dictionary, sold it for $1.7M to Sharp, and used that capital to start SoftBank.

Can’t watch this without being in awe of pure innovation

Full interview: https://t.co/rsn4ja46sF pic.twitter.com/mUTtsdMRBo

— Garry() (@garrytan) March 14, 2019

"In questions of science, the authority of a thousand is not worth the humble reasoning of a single individual.”

— Galileo Galilei (1564 – 1642) pic.twitter.com/J8fBRXIrQw

— Richard Feynman (@ProfFeynman) March 11, 2019

You do run across pathological liars with regularity in tech, and I was initially unprepared for this.

To survive in tech you must be able to spot them. The toughest ones are those who are so brazen they register nothing on the fMRI scans!

Full video: https://t.co/bywZPdzdUQ pic.twitter.com/lCMUsa5ysY

— Garry() (@garrytan) March 10, 2019

How We Spend Our Money https://t.co/pHx70cxzj3

— Phil Ordway (@pcordway) March 1, 2019

“I’ve come around to physical books… to keeping the best of them. Not for other people, but for myself. I’ve realized that the hard part about most books is not reading them but recalling their knowledge or insight when you need it the most” https://t.co/l0gzVlQ3jY

— DHH (@dhh) February 18, 2019

Journaled about my experience at @manualofideas Ideaweek & the lingering thoughts I continue to think about, go check it out: https://t.co/Twn2iManuH

— Elliot Turner (@ElliotTurn) February 15, 2019

BTW, I shamelessly stole the title from a great talk by Antti Ilmanen. https://t.co/VS8hm8T0b1 https://t.co/h2Ekc79T2M

— Michael Mauboussin (@mjmauboussin) February 13, 2019

Stock Repurchases and the EPS Enhancement Fallacy
"A common belief among practitioners and academics is that the increased EPS associated with a stock repurchase creates value for a firm’s shareholders. This belief is flawed."https://t.co/gvdVvzWmWH

— Michael Mauboussin (@mjmauboussin) February 11, 2019

Struck treasure online today. An incredible repository of notes and excerpts from hundreds of the greatest books written in history!!https://t.co/nzMANSbYmL

— Gautam Baid (@Gautam__Baid) February 11, 2019

It was a truly incredible week. Thank you @JMihaljevic for everything you do bringing together such a smart, worldly community and throwing an amazing event! I'll be riding this high for a long time. https://t.co/52lUnGBZNz

— Elliot Turner (@ElliotTurn) February 8, 2019

Really interesting article about Robert Caro's investigative & interviewing techniques. The alt. title is "Turn Every Page." As W.E.B & others note, there are many parallels with investing.

Robert A. Caro on the Secrets of Lyndon Johnson’s Archives https://t.co/UHpAZDg6qV

— Phil Ordway (@pcordway) January 24, 2019

Arrived in St Moritz for the @manualofideas 2019 Ideaweek today. Train ride was majestic! Excited to see @JMihaljevic & everyone from the MOI community who made the trip! They got more snow the past 2 days than the whole season for our arrival!!! pic.twitter.com/OhTeeLvRCN

— Elliot Turner (@ElliotTurn) February 3, 2019

Compilation of words of Wisdom of many Investors – Manual of Ideas @manualofideas

~ 2 hours video. Not to miss! See a little daily.https://t.co/jYNiiOGrD3

— Venkatesh Jayaraman (@VenkateshJayar2) January 30, 2019

Gambler, by Fyodor Dostoyevsky, is one of the most intoxicating and addictive reads that I've had the pleasure of enjoying. If you haven't read it, I recommend that you do so as soon as possible.

— Owen Hofmeyr (@MachHBInvesting) January 30, 2019

" Poor Charlie Almanack" by Charlie Munger – 500+ pages

Came across this 40+ page notes of the same book. This cannot be a substitute for reading the actual book, but a good one to start with or refresh the learned ideas.#ValueInvestinghttps://t.co/fdo9srmF86

— Venkatesh Jayaraman (@VenkateshJayar2) January 28, 2019

I love this series from @HumanProgress. I wish I could have met Norman Borlaug, a Nobel Peace Prize laureate whose work in agriculture has greatly influenced my thinking. https://t.co/qrEyNL6Kqc

— Bill Gates (@BillGates) January 28, 2019

Read, reread, and reflect on the wisdom imparted by Marcus Aurelius. The day you absorb the deep significance of this life principle, you will experience the real meaning of freedom!#CompoundingPositiveThoughts pic.twitter.com/tsflaJwCVw

— Gautam Baid (@Gautam__Baid) January 25, 2019

That was a great book! https://t.co/1DCgK8yC5G

— Mohnish Pabrai (@MohnishPabrai) January 25, 2019

How to assess a Management the Warren Buffet way

Assessing management remains one of the most difficult activities of stock investing. Here is how you can do it. #WI pic.twitter.com/Xu0KRtQwqX

— Fundamental Blasters (@FundamentalGems) January 23, 2019

Things that reduce the odds of long-term success:

+ Saying yes to too many things.
+ Making excuses.
+ Staying up late.
+ Eating poorly.
+ Checking email first thing in the AM.
+ Working more to fix being busy.
+ Buying things you don't have the money for.

What am I missing?

— Shane Parrish (@farnamstreet) January 22, 2019

The best businesses are monopolies that don’t behave as monopolies

— Alex Gilchrist (@alexjg888) January 19, 2019

I made a compendium on Jack Bogle.https://t.co/RiPxKG8sPd pic.twitter.com/oJQ1jUrZI8

— Jason Zweig (@jasonzweigwsj) January 19, 2019

It’s amazing when a publication is around so long that they can reference an article from the 1932 issue: https://t.co/5ZNy3AgES2

— Jason Fried (@jasonfried) January 18, 2019

I thought the advice that Henry Kravis gave to young people in this talk is really applicable to investors of all ages: Be curious, get out of your comfort zone, and give back. One other takeaway: “Get off the computer and go talk to people.” $KKR https://t.co/lC7E8Jq1pE

— John Huber (@JohnHuber72) December 29, 2018

The cover story of the inaugural issue of CFA Magazine (Jan/Feb 2003) was a panel featuring Bernstein, Bogle, Brinson, Buffett, LeBaron, Neff, and Templeton. And, fittingly for today, Bogle got in the last word: https://t.co/HBMCzR4eJh

— Joe Koster (@jtkoster) January 17, 2019

What I have yet to understand: If one cannot overcome the fear of being disliked, the expense paid is the only thing that makes anyone someone: oneself, and with it, one's life.

— Owen Hofmeyr (@MachHBInvesting) January 15, 2019

Outstanding presentation distilling value drivers of distribution businesses:https://t.co/2dUzZqEH5N

Any similar presentations on manufacturers?

— A. Walker Capital (@capital_walker) January 15, 2019

I decided to write out the Final Decision Checklist I use before investing in a stock. Everyone's will probably be different and evolve over time, but here is mine in its current state…https://t.co/axffDZr7AD

— Joe Koster (@jtkoster) January 3, 2019

Why Value Investors Are Different by Seth Klarman from 1999 — https://t.co/GtBMazfke0 pic.twitter.com/Nmw0BO1Zuh

— Andrew M. Kuhn (@FocusedCompound) January 3, 2019

A very good presentation by Joel Greenblatt on value investing.https://t.co/eaPoy2EJDy

— Gautam Baid (@Gautam__Baid) January 3, 2019

"We love the idea of other people using mechanistic formulas to price things, because they may be right 99 times out of 100 but we don’t have to play those 99 times. We just play the one time when we have a differing view." –Warren Buffett h/t @jtkoster

— Rishi Gosalia (@GosaliaRishi) January 2, 2019

Books recommended by S Naren #FundManagerhttps://t.co/okYpqrSzzg pic.twitter.com/6sYb9UBqMw

— InvestBooks 📚 (@investbooks) December 31, 2018

Paging the value folks: an archive of writings by and about Ben Graham

courtesy R/Securityanalysis which is on fire these days..https://t.co/GU4hd9fejV pic.twitter.com/fcwxeTU85r

— NeckarCap (@NeckarValue) December 29, 2018

Things that will put you in the top 1%

– Being able to do 5 pull ups
– Having a side hustle (or working for yourself)
– Reading an hour per day
– Having a restricted eating window

Aim to do all these, and your life will change

— Podcast Notes (@podcastnotes) December 29, 2018

This is the best business book most of us will read this year, or even this decade. Hard to find a topic in management and leadership, corporate governance or corporate finance, or even the psychology of human (mis)judgement, that isn’t on display here. https://t.co/FQ9IMWh6ib

— Phil Ordway (@pcordway) December 17, 2018

Nice summary on what's important in banking: "High deposit rates are a sign of deposit franchise weakness, not strength." h/t @manualofideas https://t.co/DbchsXLKgl

— Chris Mayer (@chriswmayer) December 14, 2018

Great stuff from @manualofideas – “If they would just think like they were going to the grocery store, again that’s Ben Graham, if you think about buying stocks, like he said, like groceries instead of perfume, you’ll do a lot better.” https://t.co/HILkkEgLFH

— Tyler G. Howell (@Tyler_G_Howell) December 12, 2018

My Nobel lecture:

"On the possibility of progress”
https://t.co/au1eBDmGsu…

— Paul Romer (@paulmromer) December 9, 2018

"This paper displays a novel set of charts…. to challenge shibboleths about the expected outcomes of buy-and-hold stock market investing, and to raise questions about the expected performance of stocks versus bonds over long periods." h/t @GrantsPub https://t.co/nMi2sZLgBw

— Chris Mayer (@chriswmayer) December 6, 2018

"I'm sorry, Ray Dalio, but as a philosopher you're a fantastic hedge fund manager."

Why the market-as-machine model needs to be turned on its ear. https://t.co/Bzk9d7lTFB

— Ben Hunt (@EpsilonTheory) December 4, 2018

My story on how Eddie Lampert made a fortune presiding over the demise of Sears. (Hedge fund math 101. ) $SHLD https://t.co/pRlNUv655z

— michelle celarier (@mcelarier) December 4, 2018

If you're not having fun, you're not learning. There's a pleasure in finding things out. pic.twitter.com/oxJmpJdqtR

— Richard Feynman (@ProfFeynman) December 2, 2018

This interaction between Seth Klarman and @jasonzweigwsj is one of the best investing interviews I have read in a long time. Slightly dated but timeless.
Download link:https://t.co/enqFKFOypP
Suggest not to rush through it. Text highlights might help.

— Abhishek Murarka 🐂💹 (@abhymurarka) December 1, 2018

Investment resources from Allan Mecham, Benjamin Graham, Bill Ackman, Bill Gross, Charlie

Munger, Chuck Arke, Daniel Kahneman, Howard Marks & many more..

Courtesy: @absolut_brianhttps://t.co/SCli5k1JSq

— Investment Books (@Invest_Books) November 10, 2018

"Relentlessly prune bullshit, don't wait to do things that matter, and savor the time you have. That's what you do when life is short." I'll always be grateful for this @paulg post. Take it into 2019 with you. https://t.co/Twnqf0YWFB

— Chris Sacca (@sacca) November 30, 2018

Bruce Flatt presentation slides from Omaha talk earlier this year – “Real Assets: The Place to Be”. https://t.co/qxLk6gjeaO

— Four Filters (@FourFilters) November 30, 2018

Every now and then, a book comes out and I think, “I will be much smarter if I understand the ideas in here.” ⁦@Scott_E_Page⁩ ‘s new book is one of those. Buy it and study it. ⁦@sfiscience⁩ ⁦@UMich⁩ pic.twitter.com/MZ0LiZoe2R

— Michael Mauboussin (@mjmauboussin) November 28, 2018