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JCM independencia financiera Apr 22
In my whole life, I have known no wise people (over a broad subject matter area) who didn't read all the time –none, zero. But that’s not enough: You have to have a temperament to grab ideas and do sensible things.
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JCM independencia financiera Apr 21
Replying to @JCM_IF
Our leap—paying up for quality. We gradually got what I would call better insights and we realized that some company that was selling at 2 or 3 times P/Bv could still be a bargain because ofthe momentum implicit in its position, combined with an unusual managerial skill .
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JCM independencia financiera Apr 24
An incredibly useful trick: thinking things through backwards. Follow the injunction of the algebraist, Carl Jacobi, “Invert". Always invert.” If you don’t, you will never really be a good thinker. That is just the way it is. Always try to disprove your own assumptions.
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JCM independencia financiera Apr 21
What is elementary, worldly wisdom? Well, the first rule is that you can’t really know anything if you just remembe risolated facts and just try to bang them back. If the facts don’t hang together on a latticework of theory, you don’t have them in usable form.
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Siddharth Soni Apr 21
Know who will be win Loksabha seat from ?
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Srijan Raj Apr 25
14004 is cancelled after chart preparation. Was going to vote in elections on 29th. What to do now ? PNR is : 2459727079
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JCM independencia financiera Apr 22
“Some of the worst business decisions I’ve ever seen are those with future projections and discounts back. It seems like the higher mathematics with more false precision should help you but it doesn’t. I prefer to focus on judgment better than cuantitative analysis
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JCM independencia financiera Apr 21
Replying to @JCM_IF
One way to keep finding “bargains” is to redefine the term. At any rate, the trouble with what I call the classic Ben Graham concept is that gradually the world wised up and those real obvious bargains disappeared. Having an unstable business partner has its rewards.
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JCM independencia financiera Apr 21
Replying to @JCM_IF
"Engineering models are the most reliable. Engineering quality control is very much based on the elementary mathematicsof Fermat and Pascal. The engineering ideas of back up systems, breakpoints and the notion of critical mass are very powerful models".
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JCM independencia financiera Apr 21
Replying to @JCM_IF
The best part of it all was his concept of Mr. Market. Instead of thinking the market was efficient, he treated it as a manic-depressive who comes by every day. And some days he says, “I’ll sell you some of my interest for way less than you think it is worth”
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JCM independencia financiera Apr 22
Replying to @JCM_IF
Most people don’t grab the right ideas or don’t know what to do with them. Warren and I do more reading and thinking and less doing than most people in business. We both insist on a lot of time being available almost every day to just sit and think. .
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JCM independencia financiera Apr 23
“Spend each day trying to be a little wiser than you were when you woke up... At the end of the day – if you live long enough – most people get what they deserve.”
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TheJobNetwork Jobs Apr 24
: .FindDreamJobs.com #$16-$35+/Hour_Restaurant_Jobs_Hiring:_(Positions_Open)
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JCM independencia financiera Apr 21
Replying to @JCM_IF
And once we’d gotten over the hurdle of recognizing that a thing could be a bargain based on quantitative measures that would have horrified Graham, we started thinking about better businesses. Bulk of Berkshire’s billions brought by better businesses.
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चौकीदार 🚩 नीरज Apr 22
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Nagesh Rao,Duvvuri Apr 21
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MyValuePicks Apr 21
“Without lifelong learning, you’re not going to do very well. You’re not going to get very far in life based on what you already know,” says .
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JCM independencia financiera Apr 21
Replying to @JCM_IF
"To Graham, it was a blessing to be in business with a manic-depressive who gave you this series of options all the time. That was a very significant mental construct. And it has been very useful to Buffett, for instance, over his whole lifetime".
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JCM independencia financiera Apr 21
Replying to @JCM_IF
"Other days, “Mr. Market” says, “I’ll sell you some of my interest at a price that is way higher than you think it is worth.” And you get the option of deciding whether you want to buy more, sell part of what you already have or do nothing at all.
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चौकीदारनी का पति Apr 19
Muhammad Parvez Chand arrested, 22 AK-47 guns recovered. NIA doing investigations.
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