Morgan Housel
Tag Archive
(Morgan Housel at FinTwit Summit 2021. Paraphrased) One thing that has been persuasive to me over time, is that good companies always look overvalued. Always. If we are talking about individual stocks, not about market...
March 27, 2021|
Investing
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(Excerpt from Last Man Standing by Morgan Housel) … compounding is just returns leveraged with time. Earning a 20% return in one year is neat. Doing it for three years is cool. Earning 20% per year for 30 years...
December 19, 2020|
Investing, Nonlinearity
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(Excerpt from A Few Things I’m Pretty Sure About by Morgan Housel) An engineer can have a successful career knowing nothing other than engineering. Same for a chemist, meteorologist, or radiologist. Business and...
December 19, 2020|
Business, Investing
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(Excerpt from The Psychology of Money by Morgan Housel) Graham was constantly experimenting and retesting his assumptions and seeking out what works—not what worked yesterday but what works today. In each revised...
September 28, 2020|
Adaptability, Investing
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(Excerpt from The Psychology of Money by Morgan Housel) As I write this Warren Buffett’s net worth is $84.5 billion. Of that, $84.2 billion was accumulated after his 50th birthday. $81.5 billion came after he...
September 26, 2020|
Investing, Nonlinearity
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(Excerpt from The Psychology of Money by Morgan Housel) The trick when dealing with failure is arranging your financial life in a way that a bad investment here and a missed financial goal there won’t wipe...
September 26, 2020|
Investing, Luck, Randomness
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(Excerpt from The Psychology of Money by Morgan Housel) …focus less on specific individuals and case studies and more on broad patterns. Studying a specific person can be dangerous because we tend to...
September 26, 2020|
Luck, Randomness, Success, Survivorship Bias
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(Excerpt from The Psychology of Money by Morgan Housel) Benjamin Graham is known as one of the greatest investors of all time, the father of value investing and the early mentor of Warren Buffett. But the majority of...
September 26, 2020|
Investing, Luck, Randomness
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(Excerpt from Keep Running! By Morgan Housel) In his book Investing, Robert Hagstrom wrote about strategies that once worked but eventually withered: In the 1930s and 1940s, the discount-to-hard-book-value strategy...
July 31, 2020|
Adaptability, Investing, Map Is Not Territory
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(Excerpt from The Laws of Investing by Morgan Housel) Benjamin Graham published several editions of his book The Intelligent Investor, with each new edition swapping out old formulas for new ones that worked. This...
September 8, 2019|
Investing, Randomness
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