Fooled By Randomness: Chapter 1
The following summary was written by Frank Voisin, who regularly writes for Frankly Speaking. Recently, Frank sold four restaurants and returned to school to complete a combined LLB/MBA.Part One: Solon’s...
Read MoreThe following summary was written by Frank Voisin, who regularly writes for Frankly Speaking. Recently, Frank sold four restaurants and returned to school to complete a combined LLB/MBA.Part One: Solon’s...
Read MoreWhen oil prices were out of control in the summer, we discussed how while in the short term oil demand is inelastic (i.e. can’t change much), in the long-term demand would likely drop, leading to a tempered oil price in...
Read MoreIn the Essays of Warren Buffett, Warren describes some of his past investing mistakes. He notes that his first mistake was buying control of Berkshire, which at the time was involved primarily in the difficult textile...
Read MoreWhen the stock market rises, investors buy stocks on margin (i.e. borrow money to invest) in an attempt to get as vested as possible in the market in order to profit from its expected rise. At times like these, however, margin...
Read MoreHagstrom concludes that Buffett’s approach to investing represents progress in the financial world. When Buffett invests, he evaluates the business. He is not striving to achieve superior quarterly performance results, but...
Read MoreDr. Nassim Taleb is a writer and scholar who used to be a derivatives trader. In his work, he contends that society overestimates the value of patterns from the past and underestimates randomness in attempting to predict the...
Read MoreThe following summary was written by Frank Voisin, who regularly writes for Frankly Speaking. Recently, Frank sold four restaurants and returned to school to complete a combined LLB/MBA.In this the final chapter, Graham distills...
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