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“I don't waste food, water, money, time and talent.”
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“Buffett's methodology was straightforward, and in that sense 'simple.' It was not simple in the sense of being easy to execute. Valuing companies such as Coca-Cola took a wisdom forged by years of experience; even then, there was a highly subjective element. A Berkshire stockholder once complained that there were no more franchises like Coca-Cola left. Munger tartly rebuked him. 'Why should it be easy to do something that, if done well two or three times, will make your family rich for life?”
― Buffett: The Making of an American Capitalist
― Buffett: The Making of an American Capitalist
“Investing money is the process of committing resources in a strategic way to accomplish a specific objective.”
― The Eternity Portfolio
― The Eternity Portfolio
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble”
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“Acknowledge the complexity of the world and resist the impression that you easily understand it. People are too quick to accept conventional wisdom, because it sounds basically true and it tends to be reinforced by both their peers and opinion leaders, many of whome have never looked at whether the facts support the received wisdom. It's a basic fact of life that many things "everybody knows" turn out to be wrong.”
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Kevin’s 2024 Year in Books
Take a look at Kevin’s Year in Books, including some fun facts about their reading.
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