Dear Partners, Friends, Intelligent Investors, In 2021 I spent an entire year almost completely alone to set up our investment “vehicle” in the best profitable way possible. Being so reclusive and withdrawn I found the time to study a lot and thinking about future investments and companies to buy. As a consequence, all this pondering…
Cari Amici, partners, intelligent investors, lo so è passato un mese e piu’ dalla promessa seconda parte dell’articolo su il metodo “Wooden” riguardante i dettagli, ispirato dall’incontro con Metheny. Qualcuno mi ha addirittura scritto, (wow!) raccontandomi di come sia alla ricerca dei libri di coach Wooden e rispondo subito dicendo: comprane uno, a caso, gli…
Nell’ estate del 1998 (o era il 1999?) ebbi la fortuna di scambiare un paio di battute con Pat Metheny (probabilmente uno dei piu’ grandi musicisti degli ultimi decenni) dopo un suo concerto a Testaccio a Roma, all’ex mattatoio. Ebbi anche la fortuna di non perdermi in “small talks” ma sfruttare i pochi minuti a…
This is probably the last article I write in english. The language you use and how you use it make a difference in what you have to say. Communication skills are important. For istance the language of business is Accounting. Its building blocks are numbers and numbers are important to evaluate a company. (Check out…
Let me be clear from the get-go: I’m not against business schools or formal training of any sort. You have to learn the basic tools and they will underpin all of your assumptions and decisions about investing and the market. But, and this is a big BUT, the way and the talent you may develop…
Rational Walk is the only newsletter that I read among the many I receive about investing. I found almost a waste of time all the rest. Too much noise. Many talk about money, finance and other interesting topics but they are not about investing. Rational is exhaustive, accurate, drops some knowledge, and even if you…
WAITING (part 2) and “Is Investing for everyone?” “If you are not ready to own a stock for ten years, you shouldn’t own it for 10 minutes” Uncle Warren says. As I have said previously, too much of a good thing is a wonderful thing in investing. But good businesses are really hard to find.…
“Thats why the philosophers warn us not to be satisfied with mere learning, but to add practice and then training”.(Epictetus, Discourses) In investing,the goal is very simple: “Investing is laying out money now to get more money back in the future-more money in real terms, after taking inflation into account”. We already know many people forget that…
Intendiamoci, io sono un naturale “hard worker” e non ho nulla contro i grandi lavoratori. Non parliamo di questo. Io vorrei sottolineare come l’iperattività forzata non porti i risultati che si crede. Se lavoro molto è perchè forse non lavoro mai. Investo con coraggio del tempo a trovare cio’ che soddisfa la mia natura. Persisto…
L’efficienza o meglio il suo mito puo’ uccidervi. Cosi’ come la famosa frase “a tutti i costi” anche il principio “efficienza e produttività sempre” e nessun tempo morto.. puo’ mettere piu’ facilmente voi in cassa da morto che il tempo. Il concetto stesso di tempo morto è inesistente per l’uomo saggio che sa maneggiare il…