Newsletter

“It is better to be roughly right than precisely wrong.” ― John Maynard Keynes INVESTING * SEC proposes the biggest stock trading update since 2005 (Morning Brew) * BlackRock’s Top Bet Is Shunning Sovereign Bonds in All Scenarios (Bloomberg) * The Santa Rally Is Seriously In Doubt (ValueWalk) * Carl Icahn on investing... Carl

INVESTING * 5 Behavioral Tricks for Long-Term Investors (Validea) * When to Bet Big, and When Not To (Safal Niveshak) * Don’t Try to Get Rich Twice (AWOCS) * Plan For Change Or Change Your Plan (Tony Isola) * Howard Marks: Much Better Prospects For Bargain Hunters in This Changed Environment (Acquirer's Multiple) * Bill

“The individual investor should act consistently as an investor and not as a speculator. This means that he should be able to justify every purchase he makes and each price he pays by impersonal, objective reasoning that satisfies him that he is getting more than his money's worth for his

"As I look back now, it's obvious that studying history and philosophy was much better preparation for the stock market than studying statistics. Investing is an art, not a science and those who are trained to rigidly quantify everything are at a huge disadvantage." - Peter Lynch INVESTING * The Risk

INVESTING * Bitcoin Becoming Less Volatile Than Stocks Raises Warning Flag (Yahoo) * Long Term Investing is Hard (Safal Niveshak) * John Rogers: There Will Always Be Opportunities For Value Investors That Are Left In This Market (Acquirer's Multiple) * Collapse of Cathie Wood & ARKK Was ‘Coming’, Says Michael Burry (ValueWalk) * An important question

INVESTING Inside the Mind of Young Seth Klarman Ten years into his career, we can see the young Klarman operate a nimble Baupost during the golden age of value and distressed investing — a much less competitive market with regularly occurring credit cycles. “We want to stay small because it is