One of the most interesting places to look for new ideas are the edge cases where deeply ingrained desires are mistaken.
— Paul Graham (@paulg) January 22, 2017
"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." — George Orwell in 1984
— Shane Parrish (@farnamstreet) January 22, 2017
Good article on the changes that 3G Capital made/are making at Kraft. No more free Jello-O basically. https://t.co/WCM9MxeTO1 $HNZ http://pic.twitter.com/uKaea2xw9k
— TDM (@tmcmill81) January 19, 2017
My Youtube playlist containing 115+ (and counting) videos that have inspired me the most over the years – https://t.co/dhHUvqruWb
— Vishal Khandelwal (@safalniveshak) January 18, 2017
Investment Advisory 😉
Source – @behaviorgap http://pic.twitter.com/IXkQGD36C1
— StableInvestor.com (@StableInvestor) January 18, 2017
'How the Finance Gurus Get Risk All Wrong'. The Prevalence of Power Laws vs Normal Distribution. @nntaleb https://t.co/6wk8UEENvk http://pic.twitter.com/VCZyMIVRmL
— Devin Haran (@DevinHaran) January 17, 2017
Nice surprise in the mail from the @manualofideas today. Pays to read the fine print in the last issue! http://pic.twitter.com/nYaTcktzf9
— Connor Leonard (@CataumetCap) January 17, 2017
Psychological denial operates at a subconscious level in the minds of investors.https://t.co/kvRo4fYsXZhttps://t.co/TsglGzZeCh http://pic.twitter.com/kUkqHmQ2O9
— Anand (@anand1383) January 15, 2017
We live in exceptional times: Poverty was never lower, global education and health never better.
My global history https://t.co/SfZ0w3kDHq http://pic.twitter.com/mtvMAiBnyK
— Max Roser (@MaxCRoser) January 15, 2017
This is crazy. Amazon destroying the retail world in one chart http://pic.twitter.com/qkJqXH7n1h
— Ben Carlson (@awealthofcs) January 13, 2017
Keynes: "Human nature desires quick results…remoter gains are discounted by the avg man at a very high rate." http://pic.twitter.com/gSmdlZi5JH
— Devin Haran (@DevinHaran) January 12, 2017
Great quote to keep close by: http://pic.twitter.com/wkiDd6EbCc
— Connor Leonard (@CataumetCap) January 11, 2017
Value Investing Process->
Notes on @Find_Me_Value's investment approach/philosophy/investment criteria 4/22/2016 http://pic.twitter.com/IrB625OKqr
— Steve Burns (@SJosephBurns) January 9, 2017
New Maubossin letter.. on finding easy games in a market driven by passive investing. Good Article.https://t.co/TUfgGdMeQW
— Floris Oliemans, CFA (@FlorisOliemans) January 6, 2017
It is amazing how well Dave Barry's "How To Argue Effectively" has held up over time: http://pic.twitter.com/47nj1nTb6X
— Sopan Deb (@SopanDeb) January 5, 2017
George Marshall's 1920 Letter on True Leadership https://t.co/BoPbGBSz8k via @farnamstreet
— Jason Zweig (@jasonzweigwsj) January 5, 2017
Cialdini's 6 Principles of Persuasionhttps://t.co/7iGaO8C5VJ http://pic.twitter.com/sx2vmnniS2
— Devin Haran (@DevinHaran) January 4, 2017
Nike, Inc. 1983 Annual Report https://t.co/uIF9dMeBVL #Nike #NKE $NKE http://pic.twitter.com/qJCyWISSZB
— Hurricane Capital (@HurriCap) January 2, 2017
a classic… Sam Walton – Made in America https://t.co/92nGXrOe2s http://pic.twitter.com/7JoqwhAYXP
— MicroCapClub (@iancassel) January 2, 2017
Over attachment i.e., falling in love with ideas – We might not actually look at the solution that might be better. https://t.co/TcQ2D4qeup http://pic.twitter.com/OaMdFXgmTS
— Anand (@anand1383) January 2, 2017
"Patience is one of the few things that can’t be arbitraged away by smarter investors & machines." – @morganhousel https://t.co/Bt46p2ecUD
— Devin Haran (@DevinHaran) December 23, 2016
Dalio on encountering reality http://pic.twitter.com/cNfDTWpThZ
— TB Research (@exp_value) December 21, 2016
Marc Andreessen on First Principles and the similarities between Value Investing & Venture Capital: https://t.co/U1mxJiR0co
— Devin Haran (@DevinHaran) December 21, 2016
For those asking why 6 holdings? I take Buffett very literally… http://pic.twitter.com/sbMTak8WTh
— Moat6ixCap (@Moat6ixCap) December 21, 2016
Patagonia's founder Yvon Chouinard on how to build a brand. Wonderful stuff from a wonderful human http://pic.twitter.com/7Mocy7DS4Y
— Patrick OShaughnessy (@patrick_oshag) December 21, 2016
an excellent reading list:https://t.co/eI4PXOsS0e
(my own version here: https://t.co/VwiQGy6uZR) http://pic.twitter.com/W3WKHZmhEr
— Jason Zweig (@jasonzweigwsj) December 21, 2016
This is an incredible free resource from @AswathDamodaran: https://t.co/3JMnH5oyUD http://pic.twitter.com/p9rdWw1DHh
— Connor Leonard (@CataumetCap) December 20, 2016
https://t.co/MAf2H0dVJb can't get enough of this talk by @MohnishPabrai at @UCIrvine I am enjoying listening to it again n again.Just great
— Anish Kumar (@Anish976) December 18, 2016
Didn't exist in 2006:
iPhone
iPad
Kindle
Uber
Airbnb
Android
Oculus
Spotify
Nest
Stripe
Square
Slack
Spotify
Snapchat— Chris Maddern (@chrismaddern) December 20, 2016
Customer captivity as a moat via @manualofideas http://pic.twitter.com/2bKgSKH12E
— Bluegrass Capital (@BluegrassCap) December 20, 2016
.@tferriss to Thiel "What one thing would you most like to change about yourself or improve on?”
Such profound answer
Via Tools of Titans http://pic.twitter.com/zupgg5OUg0
— Sar Haribhakti (@sarthakgh) December 16, 2016
You can grow new neurons in adulthood, but there is only one way to: "vigorous aerobic exercise." https://t.co/cxQIgs1z51
— Paul Graham (@paulg) December 10, 2016
Bezos is very shrewd and bold in everything. One of the earliest investors in Google; worth billions in its own right today http://pic.twitter.com/dz9kN0Jy3W
— TB Research (@exp_value) December 6, 2016
This is what turned up when I searched my @Dropbox for "Credit" – don't recall why/when I pulled this down, but so happy I did! : ) http://pic.twitter.com/RHQ68akjVS
— Christopher Pavese (@ChrisPavese) December 5, 2016
Great outline of an investment strategy from Punch Card Capital: http://pic.twitter.com/JYk4dGLSeX
— Connor Leonard (@CataumetCap) December 5, 2016
"Something economists don't understand…is that life is multiplicative, not additive. And it is path dependent."https://t.co/0ZgfPxX4dA
— Devin Haran (@DevinHaran) December 7, 2016
Low unemployment rates are good for the economy but typically signal poor stock market performance going forward http://pic.twitter.com/2pg5AmweLT
— Ben Carlson (@awealthofcs) December 2, 2016
Seth Klarman: Other People's Money versus Your Own (fr. Margin of Safety) #money #funds #WallStreet #stocks #investing http://pic.twitter.com/Eu48K9fSrr
— Hurricane Capital (@HurriCap) December 1, 2016
Friends – I recommend this Udemy course by @manualofideas and guests @GSpier @MohnishPabrai and others https://t.co/U1DIdZoaK6
— Undertherockstocks (@Undertherock3) November 27, 2016
That is a great book. So funny and educational. https://t.co/gOAnK1vxiF
— Mohnish Pabrai (@MohnishPabrai) November 26, 2016
Seth Klarman: Stocks, Businesses, and Thinking (Margin of Safety) #stocks #investing #MrMarket http://pic.twitter.com/V3UXKEYM6K
— Hurricane Capital (@HurriCap) November 26, 2016
Be Like Water – the philosophy and origin of Bruce Lee's famous metaphor for resilience https://t.co/zVV2dLQ9OK http://pic.twitter.com/hQZ1NJ70s0
— Maria Popova (@brainpicker) November 25, 2016
Seth Klarman: What to do when the price of a stock falls (Margin of Safety) #stocks #investing #MrMarket http://pic.twitter.com/L7VD42dVa3
— Hurricane Capital (@HurriCap) November 24, 2016
Amen! https://t.co/0aoSCsVIfb
— Mohnish Pabrai (@MohnishPabrai) November 24, 2016
Leon Cooperman explains what signals of undervaluation in individual stock selection to look for #stocks #value http://pic.twitter.com/9GN1nLbaKk
— Hurricane Capital (@HurriCap) November 23, 2016
From a few years ago, but good. Makes my inner luddite feel good (as he taps away on twitter…) https://t.co/QWisEgqryW #science
— Chris Mayer (@chriswmayer) November 23, 2016
About 6 months ago I wrote this post for @BaseHitInvestor. If you are having a slow day today, give it a read:https://t.co/DGEd5klYIe
— Connor Leonard (@CataumetCap) November 23, 2016
"You don’t need people to tell you you’re right all the time. You need people to tell you that you’re wrong."https://t.co/wiMIHqsnmB http://pic.twitter.com/rAlh3CPCVB
— Ben Carlson (@awealthofcs) November 23, 2016
My recent Peking Univ. video is now available as a PDF. Done by a diehard fan. Enjoy! https://t.co/w9dBIaecZj
https://t.co/masAT0IL29— Mohnish Pabrai (@MohnishPabrai) November 22, 2016
Buffett, Munger, and Bill Miller on airlines at Berkshire Hathaway Annual Meeting 2013… http://pic.twitter.com/YkMLvM6nbG
— Joe Koster (@jtkoster) November 22, 2016
You will never convince someone that he is wrong. Survival does.
Prologue of #SkinintheGame http://pic.twitter.com/Ouu4BFV585— NassimNicholasTaleb (@nntaleb) November 21, 2016
[New Post] New Mauboussin Report: Capital Allocation Outside the U.S. (H/T @mjmauboussin) #stocks #aktier #börs https://t.co/8ufWJu9nWT
— Hurricane Capital (@HurriCap) November 17, 2016
BAUPOST LIMITED PARTNERSHIPS 2015 YEAR-END LETTER https://t.co/NoPd9rjoBd http://pic.twitter.com/1MBzReLH76
— Hurricane Capital (@HurriCap) November 16, 2016
I very much enjoyed my first ever Value Investing talk to students in China. Peking University. Enjoy!https://t.co/masAT0IL29
— Mohnish Pabrai (@MohnishPabrai) November 9, 2016
@Sanjay__Bakshi Thanks! WB explained nicely different scenario in 1982 letter (Section : Issuance of Equity) https://t.co/YYLM8o1hkK http://pic.twitter.com/8Bc3UD1gat
— Anand (@anand1383) November 8, 2016
Warren Buffett: "What You Can Learn From My Real Estate Investments"https://t.co/Pi8mzrgfk2 http://pic.twitter.com/NK7t5VyWG1
— Devin Haran (@DevinHaran) November 7, 2016
Marty Whitman on Predicting Earnings while Ignoring the Existing Balance Sheet (Source: Value Investing) #investing #earnings #balancesheet http://pic.twitter.com/CEy68idhJa
— Hurricane Capital (@HurriCap) November 7, 2016
I had no idea that Harry Markowitz's entire book "Portfolio Selection" (1959) is available online. https://t.co/WHeYG3rK3G
— Jason Zweig (@jasonzweigwsj) November 6, 2016
Benjamin Graham on the Function of the Security Analyst (Source: The Intelligent Investor) #BenjaminGraham #SecurityAnalysis #stocks http://pic.twitter.com/cQrYfpT28v
— Hurricane Capital (@HurriCap) November 6, 2016
My favourite link for stock price performance of any listed Indian company has gone. https://t.co/bszs9Thlgg. 🙁 Any help would be welcome.
— Sanjay Bakshi (@Sanjay__Bakshi) November 6, 2016
Letters from a Self-Made Merchant to His Son https://t.co/gV2kYBmgeO
— Shane Parrish (@farnamstreet) November 5, 2016
"I think that if you write your argument down, you might recognize flaws in it."
Nice profile of David Swensen here https://t.co/dubWxZsFDi
— Ben Carlson (@awealthofcs) November 5, 2016
Joel Greenblatt on Time Arbitrage
(HT @BrattleStCap ) http://pic.twitter.com/hOFI2U9V22— Devin Haran (@DevinHaran) November 4, 2016
Wondrous topic, brilliant scientist = excited!
Scale: The Search for Simplicity and Unity in the Complexity of Life https://t.co/wXxGsWoK8y— Michael Mauboussin (@mjmauboussin) November 4, 2016
Jeff Bezos applying Inversion logic on how to think about change. Thanks @GSpier for forwarding this to me. http://pic.twitter.com/iFBHylUIe7
— itzarjun (@itzarjun) October 20, 2016
Simple, but effective framework from @mjmauboussin: http://pic.twitter.com/WS5A5jCtKI
— Connor Leonard (@CataumetCap) November 3, 2016
Simple, but effective framework from @mjmauboussin: http://pic.twitter.com/WS5A5jCtKI
— Connor Leonard (@CataumetCap) November 3, 2016
20 years ago, Bill Ackman asked Warren Buffett and Charlie Munger about a risk the market faces today: https://t.co/tSMv7iu9ma
— William Green (@williamgreen72) November 1, 2016
Common Mistakes Made When Investing in Quality Companies
(@CunninghamProf )https://t.co/vAGwaukLwp http://pic.twitter.com/FfEMJwKGAY— Devin Haran (@DevinHaran) November 2, 2016
In a 2009 letter Teton Capital outlined their valuation methodology for insurance companies. I plugged Markel $MKL into their formula: http://pic.twitter.com/S4T9utMCuJ
— Connor Leonard (@CataumetCap) October 31, 2016
The choice to invest with Buffett wasn't as simple a decision as it might seem today. https://t.co/DBf4vbcKA5 http://pic.twitter.com/x4sOxMHoxl
— Anand (@anand1383) October 27, 2016
Illustration of the "value" of a $MCO credit rating on a bond issuance (2016 Investor Preso.) http://pic.twitter.com/ogODbD1e2u
— Value Seeker (@Find_Me_Value) October 26, 2016
Nice formula for a compounding machine: http://pic.twitter.com/ijk2UfbH8A
— Connor Leonard (@CataumetCap) October 26, 2016
Quality Businesses & Countercyclical Investing (via @CunninghamProf ) http://pic.twitter.com/0QNutncDTd
— Devin Haran (@DevinHaran) October 26, 2016
A flower does not think of competing with the flower next to it. It just blooms. ~ Zen Shin http://pic.twitter.com/LNdeRvPHAl
— Vishal Khandelwal (@safalniveshak) October 26, 2016
IKEA dominates the world furniture market… How did it get there? h/t @thebrowser https://t.co/P88fkSPxDm
— Chris Mayer (@chriswmayer) October 25, 2016
Swiss watch industry has not just survived repeated disruption but captured lion's share of value on piddly volumes.https://t.co/iHybHOHKpQ
— Phantom of D-Street (@ValueNiveshak) October 21, 2016
Successful Attributes of Founder & Family-Owned Businesses:https://t.co/JXWJNp0T5W http://pic.twitter.com/hK0PKVK3VR
— Devin Haran (@DevinHaran) October 20, 2016
Harvard Business School students providing feedback to Jeff Bezos in the early days of Amazon https://t.co/qg80VZdGGU via @mikedariano http://pic.twitter.com/hmPwi0avOr
— Ben Carlson (@awealthofcs) October 19, 2016
Seth Klarman from Baupost's 1993 Partnership Letter….does this sound familiar? http://pic.twitter.com/M22waLtH5X
— Connor Leonard (@CataumetCap) October 19, 2016
Markets look easy in hindsight but are always much harder in real time. Here's the Black Monday 1987 crash as described by one of my readers http://pic.twitter.com/NQkip9OKWL
— Ben Carlson (@awealthofcs) October 19, 2016
The combo of a shareholder oriented CEO in a high ROIC recurring rev biz – thats very, very powerful full stop
Thornike in @manualofideas
— The Charlieton (@TheCharlieton) October 13, 2016
How to read a book via @safalniveshak https://t.co/k1zrAxsDWb #reading #books http://pic.twitter.com/hK5Tz9oj4w
— Hurricane Capital (@HurriCap) September 27, 2016
WD-40 & the 'Paradox of Expertise'
(HT @IntrinsicInv )https://t.co/hby1xImo0P— Devin Haran (@DevinHaran) September 27, 2016
The @manualofideas interview with Allen Mecham was worth the wait: http://pic.twitter.com/WTlEXAhf0k
— Cataumet Capital (@CataumetCap) September 22, 2016
My favorite long-term investing analogy from Nick Murray http://pic.twitter.com/0Z94wUOtzc
— Ben Carlson (@awealthofcs) September 14, 2016
Two things separate victors from victims in the investing world: critical thinking and self-control.
— Jason Zweig (@jasonzweigwsj) September 13, 2016
Great interview w/Allan Mecham in new Sept issue of @manualofideas Highlighted quote here is how I view proxies too. http://pic.twitter.com/Bfo97OJDie
— The Rational Walk (@rationalwalk) September 15, 2016
One of my favorite points from The Outsiders reiterated here from Thorndike's interview with @manualofideas http://pic.twitter.com/ol5DdJy12o
— The Charlieton (@TheCharlieton) September 6, 2016
"Life is just better when gross margins are high" (@trengriffin )https://t.co/tM8n6YMtuD http://pic.twitter.com/oWUWJCTCI3
— Devin Haran (@DevinHaran) September 1, 2016
Warren Buffett on How the Economics of Newspapers Changed #news #newspapers #business #economics #WarrenBuffett http://pic.twitter.com/JkyVQ5dq2q
— Hurricane Capital (@HurriCap) August 29, 2016
How to Detect a Bad Strategy? (Source: Good Strategy Bad Strategy) #business #strategy #competition #moat http://pic.twitter.com/wTgUsDpfVb
— Hurricane Capital (@HurriCap) August 26, 2016
The complexity of market timing, using CAPE or any other metric:
(via @AswathDamodaran )https://t.co/BaNRUaeesX http://pic.twitter.com/I19bObo9F4— Devin Haran (@DevinHaran) August 26, 2016
"Don't Go For The Exacta"; why investors should express their views as directly as possible: https://t.co/03q9Bf34Yw http://pic.twitter.com/zs6SfLZGpJ
— Devin Haran (@DevinHaran) August 19, 2016
Seth Klarman: EBITDA—Part of the Myths and Misconceptions of Junk Bonds In the 1980s (from Margin of Safety) http://pic.twitter.com/ZesLuIz8WI
— Hurricane Capital (@HurriCap) August 18, 2016
Jeff Gramm with a sharp observation regarding #Buffett-style focus investing. From his great book Dear Chairman. http://pic.twitter.com/CE6mbCnjDF
— Timberwolf Equity (@TimberwolfCM) August 18, 2016
@manualofideas aggregates how value investors look for ideas – https://t.co/mDB8ow7YDA
— Dimitar Genchev (@DGenchev) August 15, 2016
Seth Klarman quote on the “number of forces that help bring security prices into line with underlying value.” http://pic.twitter.com/DOpZR8kG2g
— Hurricane Capital (@HurriCap) August 9, 2016
"This sort of stuff makes me feel guilty when I go out for a Pepsi" http://pic.twitter.com/UJ2xL2r7p3
— Christian Ryther (@CurreenCR) August 9, 2016
From The Economist Espresso: Quote of the day http://pic.twitter.com/inamdNrIyA
— GSpier (@GSpier) August 6, 2016