Monthly Archives: February 2016

Fairholme Call

Here is a link to the  Fairholme conference call from yesterday. Bruce goes into great detail about FNMA, AIG,  SHLD and a host of other issues. 

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Most relevant quotes from the book “The Most Important Thing”

Here are my most relevant quotes from the book “The Most Important Thing”, plus my own comments

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Quotes From the book “The Most Important Thing” by Howard Marks

92 quotes “Successful investing requires thoughtful attention to many separate aspects, all at the same time. Omit any one and the result is likely to be less than satisfactory. (ix) 

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Summary of Book “The Most Important Thing” by Howard Marks

Even though value investing is about numbers, this book has no numbers. This book is about psychology and thinking differently about value portfolio management.

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Profit based on other people’s recurrent mistakes, not loss on my recurrent mistakes

My biggest lesson learned in year 2015 is, I lost from my recurrent investment mistakes, I should have profit from other people’s mistakes

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