Value Investing

25 Pages of the Best Value Investing Quotes (PAGE WILL LOAD SLOWLY)

    build specific, inviolable times at which you do them, so that over time you do them without having to squander energy thinking about them.

 

— Tony Schwartz, HBR 8-24-10

 

 

 

 

 

 

 

 

 

 

 

Jim Rogers Keys to Success (Taken from the titles and sub headings of Each Chapter)

1. Do Not Let Others Do Your Thinking For you

2. Focus On What You Like

3. Good Habits For Life & Investing

4. Common Sense? Not So Common

5. Attention to details is what separates success from failure

6. Let the World Be A Part Of Your Perspective

7. Learn Philosophy & Learn To Think

8. Learn History

9. Learn Languages (Make sure Mandarin Is One Of Them)

10. Understand Your Weaknesses & Acknowledge Your Mistakes

11. Recognize Change & Embrace It

12. Look To The Future

13. “Lady Luck Smiles On Those Who Continue Their Efforts”

14. Remember That Nothing is Really New

15. Know when not to do anything

16. Pay attention to what everybody else neglects

17. If anybody laughs at your idea view it as a sign of potential success

 

 

 

Deliberate Practice – Geoff Colvin

 

1. It’s designed to improve performance. “The essence of deliberate practice is continually stretching an individual just beyond his or her current abilities. That may sound obvious, but most of us don’t do it in the activities we think of as practice.”

 

2. It’s repeated a lot. “High repetition is the most important difference between deliberate practice of a task and performing the task for real, when it counts.”

 

3. Feedback on results is continuously available. “You may think that your rehearsal of a job interview was flawless, but your opinion isn’t what counts.”

 

4. It’s highly demanding mentally. “Deliberate practice is above all an effort of focus and concentration. That is what makes it ‘deliberate,’ as distinct from the mindless playing of scales or hitting of tennis balls that most people engage in.”

 

5. It’s hard. “Doing things we know how to do well is enjoyable, and that’s exactly the opposite of what deliberate practice demands.”

 

6. It requires (good) goals. “The best performers set goals that are not about the outcome but rather about the process of reaching the outcome.”

 

 

 

[1] OID, Vold. 22, No. 1&2, March 17, 2009

[2] The Big Secret for the Small Investor: A New Route to Long-Term Investment Success

[3] The Big Secret for the Small Investor: A New Route to Long-Term Investment Success

[4] “The Warren Buffett Portfolio” by Robert Hagstrom, p. 143

[5] Ibid

[6] “The Warren Buffett Portfolio” by Robert Hagstrom, p.206

[7] 2009 Baupost letter

[8] from A. Gary Shilling, Forbes (1993) v. 151, iss. 4, pg. 236.

[9] The General Theory of Employment, Interest and Money

[10] Ibid

[11] Interview with Charlie Rose, 11/1/11

[12] Interview with Charlie Rose, 11/1/11

[13] Interview with Charlie Rose, 11/1/11

[14] “The Warren Buffett Portfolio” by Robert Hagstrom, p. 146

[15] “The Warren Buffett Portfolio” by Robert Hagstrom, p. 202

[16] 1998 (annual report?)

[17] Interview with Charlie Rose, 11/1/11

[18] Inteview with Charlie Rose, 11/1/11

[19] Inteview with Charlie Rose, 11/1/11

[20] http://www.hbs.edu/centennial/businesssummit/asset-management/active-management-private-equity-venture-capital-and-hedge-funds.html

[21] Value Investor Insight issue of 11-29-11, citing Forbes

[22] Preface to Security Analysis

[23] Bloomberg article of 6-11-10

[24] Interview with Jason Zweig, May 2010

[25] “Common Errors in Interpreting the Ideas of The Black Swan and Associated Papers,” N.N. Taleb, NYU Poly Institute, 10-18-09

[26] Ibid.

[27] The Warren Buffett Portfolio, p. 185

[29] http://www.thedailybeast.com/articles/2011/08/15/irving-kahn-105-perhaps-world-s-oldest-investment-banker-says-economy-in-downturn-just-a-blip.print.html

[30] Interview on www.simoleonsense.com

[31] “KeepingAmerica Great” – November 12, 2009

[32] 1998 (annual report?)