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#Bella fleace gave a party sparknotes plus#

Everything I Know About Business I Learned From The Godfather.

In exchange, public markets gain liquidity,īreadth of participation, and low transaction costs." Passive bubble: "Public securities markets surrender all theĬharacteristics of strong ownership, including depth of knowledge and Also, something which is relevant to indexation and the Men tend to have 'good luck'." This fits with our high agency mindsetįrom last year. Speaking of good judgment, he says that men who make good decisions It tells the investor: hard work and clear thinkingĭoesn't help here." We are active investors, so we think in terms of sleuthing. Success in the real economy - are ineffectual for the investor in publicįinancial markets. That hard work, superior insight, and good judgment - the keys to Highlights this time: "Modern financial theory amounts to the belief (building no collateral) may prove to be the latest delusion." Some Planning to flood the market and when the expenditures are consumed The idea that government bonds are riskless when governments are Government bonds are accorded zero risk in calculating bank capital Other times it has been other investments like railroads.

Is currently perceived as riskless enough for highly leveraged You predict that the next crisis is going to come in the investment that I said: "If you synthesize the best parts of Falkenstein and Redleaf, It's now out of print and only available used.

Panic (5/5) Reread this - I previously reviewedīack in 2015.

There were no "travel" category book notes for 2019 - mostly because I went to places I had been to before and also I did not type up the notes for books in connection with the Mexico City trip.

I am ruthless in my discards."Ĭategories of 2019 books read from biggest to smallest: economics/investing/business, biology/ecology/science, history, fiction, biography/autobiography, politics, self-help/how-to, literary nonfiction, geology, and cooking. I don’t mind disliking a book, and I never regret having picked it up and started it. I start ten or so books for every one I finish. This approach is basically what Tyler Cowen does: "Another way to read quickly is to cut bait on the losers. So the plan for 2020 reading is to get through that backlog, and to skip/skim books that aren't panning out in order to maintain the pace that is necessary to do it. Looking back at the 2018 Book Review Compendium, that year I read 113 books of which 48 were a 4/5 or higher - a better batting average. It would be better to only finish books that are likely to be a 4 or higher. Even the 3/5 books are somewhat of a waste of time.

#Bella fleace gave a party sparknotes plus#

If I read at the average 2018-2019 pace, that is more than a year's backlog plus twenty of them would be a waste of time. I have an unread book backlog of about 100 books. Of the 48 books I read in 2019, nine ended up being lower rated than 3/5. Who knows how much time you have left, or what awaits us tomorrow?" So that, as Seneca put it, the 'words become works.' There is an old saying that 'a scholar made is a soldier spoiled.' We want to be both soldiers and scholars-soldiers in the good fight. At some point, we must put our books aside and take action. "The purpose of all our reading and studying is to aid us in the pursuit of the good life (and death). In The Daily Stoic by (previously 1, 2, and especially this essay) he expands on a Marcus Aurelius observation by saying,