The Digest #124
Title Insurance, Damodaran on Risk, Leverage at Pension Funds, Money and Status, Nostalgia ...
A Matter of Perspective
No one should invest in technologies that they do not understand but I would be delighted if some succeed even if I do not see a path to success or participate financially ...
The Pitfalls of Early Success – A Personal History
"Success makes people think they're smart. That's fine as far as it goes, but there can also be negative ramifications." -- Howard Marks The investing profession tends to attract individuals who, to put it politely, have a healthy sense of ...
Mastering the Market Cycle
"Imagine how much harder physics would be if electrons had feelings!" -- Richard Feynman The goal of many websites is to create "evergreen" content -- that is, content that stands the test of time and will prove to be relevant ...