latticeworkinvesting.com
Charlie Munger: Full Transcript of Daily Journal Annual Meeting 2016 – Latticework Investing
http://latticeworkinvesting.com/2016/02/13/charlie-munger-transcript-of-daily-journal-annual-meeting-2016
Charlie Munger: Full Transcript of Daily Journal Annual Meeting 2016. February 13, 2016. This week I had the great pleasure of hearing Charlie Munger speak at the Daily Journal Annual Meeting . It was my first time attending this mini-Berkshire style meeting. For just under two hours Charlie captivated the audience with his wisdom, quick whit, and great sense of humor. After the meeting, Charlie was very gracious with his time as he stayed for nearly an hour to talk with attendees and take pictures.
latticeworkinvesting.com
Haiku Review: Deep Value by Tobias Carlisle – Latticework Investing
http://latticeworkinvesting.com/2016/10/19/haiku-review-deep-value-by-tobias-carlisle
Haiku Review: Deep Value by Tobias Carlisle. October 19, 2016. Inspired by a recent trip to Japan, here are my 7 main insights distilled from Deep Value. By Tobias Carlisle, in Haiku form. Arigatou gozaimasu. 1 Risk: “A Bundle of Twigs Cannot Easily Be Broken”. Stocks perceived risky,. Find resilience when bundled. Have fewer down years. 2 Return: Buy the “Ugliest of the Ugly”. 3 Trust in Mean Reversion and Avoid Naive Extrapolation. Ignores the Base Rate. 4 Expand Your Time Horizon. Stay out of the way.
latticeworkinvesting.com
Quotes – Latticework Investing
http://latticeworkinvesting.com/quotes
Once described the secret of success as “take a simple idea and take it seriously.”. Our ideas are so simple. That people keep asking us for mysteries when all we have are the most elementary ideas Charlie Munger. 8220;That’s how we succeeded. Because we have open minds (and) common sense. A lot of analysis, careful weighing of the odds, make a firm decision, monitor it, implement it, modify as it goes wrong, abandon if it is no good.” – Lee Kuan Yew. When we really sit with a smile on our face is when w...
latticeworkinvesting.com
January 2017 – Latticework Investing
http://latticeworkinvesting.com/2017/01
Wall Street Journal Recap: January 17-22, 2017. January 23, 2017. My full notes and analysis on the Wall Street Journal from the past week: January 17-22, 2017 (Week 3). Please Enjoy. AIG paid Berkshire Hathaway $10 billion to bring “stability to their balance sheet” and gives them “greater certainty”. ( link. Translation: AIG paid a high price and Buffett got a bargain. China and Autocatalytic Reactions. 8220;GDP Stability”. IMF Raises Growth Forecast for U.S. Economy ( link. 8220;(China) is laboring to...
latticeworkinvesting.com
Lewis Screener: Abercrombie & Fitch and Michael Kors – Latticework Investing
http://latticeworkinvesting.com/2016/08/24/lewis-screener-abercrombie-fitch-and-michael-kors
Lewis Screener: Abercrombie & Fitch and Michael Kors. August 24, 2016. Abercrombie and Fitch (ANF). Featuring Michael Kors (KORS). Note: This analysis of ANF and KORS leans heavily on my personal stock screener. Last weekend I took a look at Abercrombie and Fitch and Michael Kors with the aid of my stock screener. It’s likely however that the market expects a coming decline in ROE. The market expectations derived from the screener show that KORS’s ROE will decline to somewhere between 14&...To determine ...
latticeworkinvesting.com
October 2016 – Latticework Investing
http://latticeworkinvesting.com/2016/10
Haiku Review: Deep Value by Tobias Carlisle. October 19, 2016. Inspired by a recent trip to Japan, here are my 7 main insights distilled from Deep Value. By Tobias Carlisle, in Haiku form. Arigatou gozaimasu. 1 Risk: “A Bundle of Twigs Cannot Easily Be Broken”. Stocks perceived risky,. Find resilience when bundled. Have fewer down years. 2 Return: Buy the “Ugliest of the Ugly”. 3 Trust in Mean Reversion and Avoid Naive Extrapolation. Ignores the Base Rate. 4 Expand Your Time Horizon. Stay out of the way.
latticeworkinvesting.com
Investment Lessons from a Master Sushi Chef – Latticework Investing
http://latticeworkinvesting.com/2016/12/19/investment-lessons-from-a-master-sushi-chef
Investment Lessons from a Master Sushi Chef. December 19, 2016. The best investment book I read this year didn’t come from a Wall Street whiz or hot shot finance professor, rather it came from Jiro Ono, a Master Sushi Chef. Yes, “the Jiro”, the one from the acclaimed documentary “Jiro Dreams of Sushi.”. As a result, I have distilled the book “Jiro Philosophy” down to its 12 core principles and relate each one to the investment philosophy of Buffett, Munger, and Graham. If you stray from the fundamentals.
latticeworkinvesting.com
August 2016 – Latticework Investing
http://latticeworkinvesting.com/2016/08
Lewis Screener: Abercrombie & Fitch and Michael Kors. August 24, 2016. Abercrombie and Fitch (ANF). Featuring Michael Kors (KORS). Note: This analysis of ANF and KORS leans heavily on my personal stock screener. Last weekend I took a look at Abercrombie and Fitch and Michael Kors with the aid of my stock screener. It’s likely however that the market expects a coming decline in ROE. The market expectations derived from the screener show that KORS’s ROE will decline to somewhere between 14&...To determine ...
latticeworkinvesting.com
Deep Value’s 7 Main Takeaways – Latticework Investing
http://latticeworkinvesting.com/2016/10/18/deep-values-7-main-takeaways
Deep Value’s 7 Main Takeaways. October 18, 2016. Deep Value by Tobias Carlisle reads somewhat like an investment version of “Mom’s” classic question, “If your friends jumped off a cliff, would you? 8221; Wall Street is filled with people jumping off cliffs and the people who follow. The question is, why would so many people consistently invest in a way that’s bad for their well-being? Risk:” A Bundle of Twigs Cannot Easily Be Broken”. On an individual basis, value stocks are indeed the riskier prospect&#...
latticeworkinvesting.com
December 2016 – Latticework Investing
http://latticeworkinvesting.com/2016/12
The Best Investment Quote of All Time is from…Napoleon? December 30, 2016. Could the best investment quote of all time come from Napoleon? Quite possibly. It was in the unlikely place of Napoleon Bonaparte’s personal diary that I found one of the best investment passages I’ve read. Bursting with investing wisdom, it would be understandable to mistake Napoleon for Warren Buffett. Although he’s writing about the art of war, the insights apply to investing just as well. Keep it simple. Stick to the fund...