Tag: Investing

Margin of Safety

Apparently Seth Klarman’s book has been available online for a while now. This book most certainly does not provide a surefire formula for investment success. There is, of course, no such formula. Rather this book is a blueprint that, if...

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Michael Mauboussin on Relative Skill

A few years ago Michael Mauboussin published a paper on what makes for successful investing. Success in investing has two aspects. The first is skill, which requires you to be technically proficient. Technical skills include the ability to find...

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Charlie Munger on Fund Managers

At the annual meeting for the Daily Journal Corporation, Charlie Munger shared that there is too much money out there and it won’t end well. And of course, what’s happening in America of course, is that software has grown enormously. If you...

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