ELIMINATION AS A STRATEGY FOR INVESTING … AND FOR LIFE
December 1, 2021
Richer, Wiser, Happier (Scribner, 2021), a book by Wall Street columnist William Green, is a wonderful collection of interviews of highly successful investors that also have developed valuable lessons for life in general. Mr. Green does not approach these interviews as a traditional “groupie” only impressed by investment performances and dollars earned but elaborates on the character and life disciplines of his subjects.
False Defeats and False Victories
November 11, 2021
Aren’t stocks a lot like heroes in novels we read? Six years ago, when I was putting the finishing touches on my first book: “Outsmarting the Crowd,” my UK-based editor, with a great affinity for novels, told me how much we can learn from works of fiction. Our conversation renewed my interest in novels, stories, and specifically how they are structured. Whether it’s a recent Hollywood production or a 5,000-year-old myth, the hero celebrates false victories and faces false defeats, very much like any investment we research. Let me explain.