“What you decide not to read is more important than what you read.”.David Steinberg.

“If you can’t describe what you’re doing as a process, you don’t know what you’re doing.” W. Edwards Deming. Deming? Who is Deming? . ….Danaher, Toyota’s production model—celebrated as distinctly Japanese—have the same source, the American statistician, W. Edwards Deming, who

RT @PeterLakeSounds: @_Investinq This piece is superb and right to the point. Exceptional. The and simplicity of your teaching hints at rea….

Key thing to note: . “We provide no work-life balance. We are driving to create the exceptional. You would be on the founding team and on call 24/7. You must be the best. Hungry. Relentless. If you cannot commit.to that, this role is not for you.”.

Marlowe is recruiting for a junior role:

There’s an old saying: “when it’s raining gold, don’t take out a thimble, take out the bucket”…But what if the gold is in the form of gold bars? In this metaphor, can anyone tell me what the helmet represents…also plot twist, you have to stay outside. Let me know! Joke answers.

“For the macro investor, it’s always raining somewhere, and there is always the risk of the storm expanding. Macro investors are compelling because fear is compelling. Fear sells. Crisis sells. Growing grass and prosperous enterprise may be lucrative, but a lot less interesting.

MR. MARKET isn’t crazy: it is typically smarter than me…richer than me…and more powerful than me. I speak for myself!. They didn’t tell me that at Stanford Business School, Mr. Graham didn’t mention this in his book. And I’m still waiting for Mr. Klarman to put out the second

As per many comments, the underwater portion of an iceberg is often as much as 90% of the iceberg’s total volume! How about that?!.

Disclaimer: the chart is for speculative discussion only.

Disclaimer: the iceberg is not to scale.

I hoping someone would explain! Better than instagram where I’m convinced 1/2 of my account are bots and the rest only reply in emoji . Sunny outside going to read my book 📕.

Or munger’s comment would likely work, but it presumes deep knowledge on a business that you buy when it tests its 200 MA.

Social and psychological dynamics on X for investing still amazes me. loss aversion in a different form. discussion of winners, little discussion of anything that was a mistake. This is literally the stock market in words = loss aversion. And there's this sort of desire to be

never buy. That should be the rule. Then once in a blue moon…you just have to change your rules…because it’s such a fat pitch and that one fat pitch makes you money for years or decades. In markets everyone is so precise and focused on volatility and how they are “doing” this