Value Investing World

Monday, August 6, 2012

SLACKERS: Alberto Salazar and the art of exhaustion. – By Malcolm Gladwell

Found via @farnamstreet.

For the first half of the nineteen-eighties, the greatest distance runner in the world was Alberto Salazar. He grew up in a Boston suburb and ran for the University of Oregon. Distance runners tend to be elfin. Salazar was tall. Great distance runners are graceful: they float, landing lightly on their toes and snapping their calves back so that their heels almost touch the tops of their hamstrings. Salazar shuffled like an old man. His college coach said that he looked as if he were sitting down and running at the same time. His college teammate Rudy Chapa was biomechanically perfect: if you saw the two of them running side by side on the track, you would assume that Chapa was the champion and Salazar the journeyman. But it was Salazar who won the New York City Marathon three consecutive times, and who in 1982 had one of the finest seasons of any distance runner before or since.
Posted by Joe at 8/06/2012
Labels: Expert Performance, Malcolm Gladwell
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Value Investing World is a blog dedicated to promoting the multidisciplinary approach to investing and development of – as Charlie Munger describes it – a latticework of mental models. Although largely focused on linking to investing and economic material it deems of interest, it will also post and link to material from other disciplines that it thinks worth reading or watching.

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  • Dr. Peter Drucker: FEEDBACK: KEY TO CONTINUOUS LEARNING
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  • The Most Astounding Fact About the Universe

Charlie Munger

  • Poor Charlie's Almanack
  • The Best of Charlie Munger: 1994-2011
  • VIDEO: Charlie Munger - USC Law School Commencement - May 13, 2007
  • NOTES: Charlie Munger - USC Law School Commencement - May 13, 2007
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Warren Buffett

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Ben Franklin

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Benjamin Graham

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Howard Marks

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  • Who Is On the Other Side?
  • What Does a Price-Earnings Multiple Mean?
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  • Capital Allocation
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  • Operating Leverage

Diversification

  • Warren Buffett on Diversification - 1966
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  • Phil Fisher on diversification
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Checklists

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  • An Investing Principles Checklist from Poor Charlie
  • Key Checklist Items

Expert Performance / Self-Improvement

  • Bill Gates quote from Charlie Rose interview (or, how the world's best companies are built by fanatics)
  • Dr. Peter Drucker: FEEDBACK: KEY TO CONTINUOUS LEARNING
  • What it takes to be great

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