Listening to Warren Buffett talk about his failures is a good exercise because he did a whole lot of failing on his way to succeeding. Investing is challenging for even the best investors, and challenges are good for us. The markets give clear and objective feedback on the quality of our decision making. My need to aggressively grab opportunities, coupled with my acquired fears of being wrong, forced me to develop principles for decision making that work well. I hope that I can convey them well.
Q1 hedge fund letters, conference, scoops etc, Also read Lear Capital: Financial Products You Should Avoid?
Ray Dalio On Warren Buffett
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More