What I Think I Know
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What I Think I Know

“Just trying to do the hardest thing of all – to understand”

A person who knows little likes to talk, and one who knows much mostly keeps silent. This is because a person who knows little thinks that everything he knows is important, and wants to tell everyone. A person who knows much also knows that there is much more he doesn’t know. That’s why he speaks only when it is necessary to speak, and when he is not asked questions, he keeps his silence

A person who knows little likes to talk, and one who knows much mostly keeps silent. This is because a person who knows little thinks that everything he knows is important, and wants to tell everyone. A person who knows much also knows that there is much more he doesn’t know. That’s why he speaks only when it is necessary to speak, and when he is not asked questions, he keeps his silence

January 25, 2021 Nate

— Jean Jacques Rousseau

Phil Fisher was just telling me the same thing that Charlie was telling me, which was that it’s very important to get into a business with fundamentally good economics, and one that you could ride with for decades, rather than one where you had to go from flower to flower every day. That philosophy has carried me along. Now, I’ve learned different ways of applying it over the years, but it’s the way I think about businesses now.

Phil Fisher was just telling me the same thing that Charlie was telling me, which was that it’s very important to get into a business with fundamentally good economics, and one that you could ride with for decades, rather than one where you had to go from flower to flower every day. That philosophy has carried me along. Now, I’ve learned different ways of applying it over the years, but it’s the way I think about businesses now.

November 14, 2020 Nate

—Warren Buffett (2013)

Of course banks are greedy! Of course corporations are selfish, and Wall Street is wily! Blaming a financial crisis on these qualities is like blaming a flood on the wetness of water…

Of course banks are greedy! Of course corporations are selfish, and Wall Street is wily! Blaming a financial crisis on these qualities is like blaming a flood on the wetness of water…

November 10, 2020 Nate

From “Money: The True Story of a Made-Up Thing: P. 130

Money isn’t just some accounting device that makes exchange and saving more convenient. It’s a deep part of the social fabric, bound up with blood and lust. No wonder we get so worked up over it.

Money isn’t just some accounting device that makes exchange and saving more convenient. It’s a deep part of the social fabric, bound up with blood and lust. No wonder we get so worked up over it.

November 5, 2020 Nate

— Money – The True Story of a Made-up Thing p. 6

When people don’t have access to a sufficiency of facts or information, they default to what little is available to them. It’s called availability error.

When people don’t have access to a sufficiency of facts or information, they default to what little is available to them. It’s called availability error.

November 2, 2020 Nate

(Linkhttps://horizonkinetics.com/wp-content/uploads/Q3-CVALUE-Review_FINAL.pdf)
“The fear about energy is understandable; I get it. When people don’t have access to a sufficiency of facts or information, they default to what little is available to them. It’s called availability error. In the financial markets, in the absence of better information, the default is price. It’s always available. And if price is all you have to go on, energy stock prices look scary. If it’s price, there are only two judgments: something’s up or it’s down, and that defines good or bad.”

“No, don’t! Don’t dig up the past! Dwell on the past and you’ll lose an eye.” But the proverb goes on to say: “Forget the past and you’ll lose both eyes.”

“No, don’t! Don’t dig up the past! Dwell on the past and you’ll lose an eye.” But the proverb goes on to say: “Forget the past and you’ll lose both eyes.”

August 22, 2020 Nate

— Aleksander I. Solzhenitsyn from “The Gulag Archipelago “

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