This book contains 125 of Warren Buffett’s aphorisms. Oh you don’t know what aphorism means? I didn’t know it either until I read this book. Apparently, it means “a short clever saying intended to express a general truth.”
Tbh, I think Mary Buffett and David Clark could have condensed their book into 10 aphorisms. There’s a lot of repetition as they keep harping on how Warren looks into the long-term economics of businesses and decides if they boast durable competitive advantages. Then he will wait on the sidelines until the stock market gives him great bargains, a signal for him to swoop in and buy undervalued stocks. He subsequently HODLs them for decades - convinced about his purchases - and gets rich. There, I summarised his core principles for you.
I did take away some insights though. What made me raise my eyebrows was “it’s hard to teach a young dog old tricks.” Given that ageism exists in Singapore and that it’s hard for retrenched middle managers to find jobs, I found this a refreshing take on the benefits of age. Also, it made me conclude sadly that given my penchant for job-hopping, I haven’t really honed my intuition since I never stayed long enough at any of my teaching positions. Anyway, developing my tacit knowledge on teaching & learning is something I wanna look into next year. Be a proud old dog. 🐕
As an adroit wordsmith, I was particularly impressed by his aphorisms on writing: 1) - There is nothing like writing to force you to think and get your thoughts straight, 2) I never buy anything unless I can fill out on a piece of paper my reasons why. Apparently, Warren writes an annual letter to his shareholders to recap the past year’s events. If a billionaire can be disciplined enough to tackle the chore of writing head-on, I should be inspired to write more often. ✍️
Lastly, I was amused by how he centered some of his analogies on sex. I wish there were more of them because it makes Warren come across as a sex-oriented, testosterone-fuelled male, just like the rest of us. 🤭
Started reading „Before we go live” by Stephen Flavall. What a big surprise of a book written by the best Slay the Spire player in the world. A pleasure to read.
Good morning. I dunno if I would call it a book per se but I read The Call Of Cthulhu by HP Lovecraft this morning. It was a nice break from the monetary and economic literature that have dominated the content lately. There was a certain allure about it coming from a late 1920's horror and fantasy pulp fiction magazine, as well.
Another short and enlightening book that was recently recommended is A History Of Central Banking And The Enslavement Of Mankind by Stephen Goodson. Good luck learning this in school! Highly recommended and you can get through it in one or two sittings.
I find my self caught up reading Digital Gold at the moment awesome book can't seem to put it down we all know the history but tells the story from the beginning pretty cool story probably make it into a movie some day lol ITS THAT GOOD
i picked up the mandibles by lionel shriver, based on a previous weekend book recommendation thread. so that's on deck. still need to get around to broken money too, but the book club threads have been great for some discussion on it
which books do I wish I were reading