Exceptional insights of Naval R on building wealth, the new work life and paying it forward.
Summary of The Almanack of Naval Ravikant
ORIGINAL wisdom from the book of FAKE stuff – Robert Kiyosaki.
Robert dismisses myths behind the so called model teachers, assets and money and shows the light on what the actual ones are.
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It’s not an easy Job for Tim to Cook !
How to do well by doing good.
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Fun Facts from Factfulness
Without correct facts your instincts as well as your process will be wrong. This book shows you simple ways to separate fact from fiction.
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The Undoing Project – Michael Lewis undoes Danny Kahneman and Amos Tversky
From dealing with uncertainty, decision making, understanding and recognising your and public stupidity, negotiation, using intuition, defining losses, the difference between probability and possibility, controlling emotion while reasoning – this book has it all. Take your time in chewing on this. Probably the best book in psychology that I will ever have read. The Insider…
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100 to 1 by Thomas Phelps, in 95 points.
Those of us who ask little of life, get little. Those who ask much, get much, but those who ask for too much get nothing. If you don’t buy what has to be sold, you never really need to sell anything. The top 4 criteria It must be small. ( Sheer size mitigates growth…
Read MoreRevisiting Pat Dorsey’s Checklist on Economic Moats
Pat Dorsey’s little book-“THAT BUILDS WEALTH” The Game Plan IDENTIFY businesses capable of generating above average returns over many years. WAIT to buy, until they begin to trade at OR below their intrinsic value. HOLD till business deteriorates shares are extremely overvalued a better investment is found REPEAT till you die. Keep asking yourself what…
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RISK and its many Avatars by Howard Marks
Risk The world believes that you have to take a higher risk to get a higher reward. Value investors chuckle at this model as they believe in low risk high reward model. After reading this book by Marks, I can’t help but chuckle at the value investors too. Value investors are looking at the ratio…
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How Singapore INCENTIVISED itself into a First World Country
Singapore went from a Third World country to a first world country in 50 years. This is already impressive but what makes this transformation phenomenal is that this country was just a British Colony, without any natural resources, less than 700q km and no army. They achieved independence from the British and Malaysia, but their…
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Simple and effective thoughts by George Soros
This is a book summary of “Soros on Soros – Staying Ahead of the curve “. We try to simplify things. We don’t have a real or a scientific way to measure risk. People who are in the derivative business have very elaborate risk calculations. We are amateurs.We live in the Stone Age. Deliberately so. Lots of…
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The Shipping Man – Book Summary – An entertaining insight into the global shipping business
This book is probably the best book one can read to get an insight into the shipping finance business as well as the over all shipping business. This is a piece of fiction but its loaded with so much investing sense, that it just ought to be read by investors. If you simply replace “shipping”…
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Book Summary of – Charlie Munger – The Complete Investor – by Tren Griffin
INTRODUCTION Munger’s ability to cut to the heart of an issue with a few well chosen words is legendary, as is his desire to think independently. Munger is such an interesting person, in no small part because he is, in a word UNRESTRAINED. He once said, ” While Warren may be remembered as a teacher,…
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How to Trade in Stocks – Jesse Livermore – The birth of the semi-investor
Moneymaking via the value investing method is no longer completely distinct from speculation, owning to the speed at which information is exchanged today. While the difference between fundamental analysis and chart reading is still as clear as ever, value investors can make money in their stocks via structured trading without sacrilege. These bets would thus make him a semi-investor…
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The Battle for Investment Survival – G.M.Loeb
This is another investing book written in the 1900. Super meaty and one of those that can be re-read every once in a while. This book was originally published in the 1930s with updates every 15-20 years. I consider myself a long term value investor but Gerald Loeb puts forward an excellent case why long…
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The Money Game – Book Summary
I’ve recently developed a kind of fetish for business books written in the early nineties. Not only do they read like prose, but also because there views are slow and definite and not mere rants. Money Game by Adam Smith is an immensely enjoyable read. Get your hands on one. Many shall come to honour…
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100 to 1 by Thomas Phelps, in 95 points.
Those of us who ask little of life, get little. Those who ask much, get much, but those who ask for too much get nothing. If you don’t buy what has to be sold, you never really need to sell anything. The top 4 criteria It must be small. ( Sheer size mitigates growth…
Read MoreAll About Moats – Pat Dorsey
Summary of Pat Dorsey’s book, ” THE LITTLE BOOK THAT BUILDS WEALTH”. The knockout formula for finding great investments. Pat Dorsey’s little book THAT BUILDS WEALTH ? ? The Game Plan ? IDENTIFY businesses capable of generating above average returns over many years. WAIT until they begin to trade at OR below their intrinsic value.…
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Re-Imagining India
Everyone wants to make a buck, and rightfully so. However, when you want to make that in India, on India’s prospects, it is imperative that you understand where India is today and where it will be in the near future and even more importantly, what factors will drive that change. Below are excerpts from the…
Read MoreDHANDHO – Investment Primer
Of all the books that i have read and re-read Dhandho is probably the best for a primer on investing. It goes beyond the numbers and hits at basic investing logic. With time these principals will be fine tuned and complicated 🙂 but just sticking to this too will yield you enormous confidence in your…
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All About Moats -by Pat Dorsey – Book Summary
Summary of Pat Dorsey’s book, ” THE LITTLE BOOK THAT BUILDS WEALTH”. The knockout formula for finding great investments. Pat Dorsey’s little book THAT BUILDS WEALTH THE GAME PLAN: IDENTIFY businesses capable of generating above average returns over many years. WAIT until they begin to trade at OR below their intrinsic value. HOLD…
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