Fooled By Randomness explains how luck, uncertainty, probability, human error, risk, and decision-making work together to influence our actions, set against the backdrop of business and specifically, investing, to uncover how much bigger the role of chance in our lives is, than we usually make it out to be….
In One Sentence: The Education of a Value Investor is the story of how Guy Spier turned away from his greedy, morally corrupted investment banking environment and into a true value investor by modeling his work and life after Warren Buffett and his value investing approach (source). Recommended Summary: Lifeclub.org has a fantastic – ifContinue reading “Book Review – The Education of a Value Investor (G. Spier)”
The year is circa 935 BC and The Teacher lifts his gristly hand to reach for his quill once again. Dabbing it in the inkwell, he traces it across the page with the well-hewn motions of a man altogether weary of such practice. There is nothing new under the sun he writes, careful not toContinue reading “Mohnish Pabrai – Nothing new under the sun.”
Kahneman’s Thinking Fast And Slow shows you how two systems in your brain are constantly fighting over control of your behaviour and actions, and teaches you the many ways in which this leads to errors in memory, judgment and decisions, and what you can do about it.