Friday, March 8, 2019


"Charlie is a huge believer in the idea that you don’t sit around sucking your thumb when something comes along that should be done that you pour into it. And that’s generally what we’ve tried to do. But there have been times — and it’s usually happened when I’ve started buying something at X and it went up to X plus an eighth or some intolerable amount like that — and I quit or waited for it to come back. And we’ve missed, in some cases, billions of dollars of profit because of the fact that I’d gotten anchored, in effect, to some initial price when I could have paid more subsequently and it really was inconsequential." --Warren Buffett (2004)

"At least we are constantly thinking about the past occasions when we blew opportunities. Since those don’t hit financial reports, the opportunities you had but didn’t accept, most people don’t bother thinking about them very much. At least that is a mistake we don’t make. We rub our own noses in our mistakes in blowing opportunities." --Charlie Munger (2004)

The First Line of Investing Defense? You - by Jason Zweig ($) (LINK)

The Real Estate Market in Charts - by Ben Carlson (LINK)

Bill Gross: ‘We were looking for every penny we could get’ (LINK)

Lyft Off? The First Ride Sharing IPO! - by Aswath Damodaran (LINK)

Mark Zuckerberg Wants Facebook to Emulate WeChat. Can It? (LINK)

Three Ways Startups Are Coming for Established Fintech Companies—And What To Do About It (LINK)

Exponent Podcast: Mark Zuckerberg’s Projected Self (LINK)

Patience is Something You Do, Not Something You Are (LINK)