Academic studies finally back up what I have found in 10 years of investing: No trade stocks outperform
READ MOREInterview with Seth Klarman
Seth Klarman is one of the great investors of all time. Seth Klarman Interview
READ MOREROI 120
This past week, I attended a conference in Jerusalem called ROI120 (ROI 120). I have now heard conflicting things about what ROI stands from “Return on Investment,” to Hebrew for “shepherd” or “leader.” Lynn Schusterman, a prominent donor in the world of Jewish Philanthropy, pays for 120 young Jews from around the world to fly […]
READ MOREThe Swing Vote
In Israel, the right controls about 40% of the vote give or take 5% and the left controls about 40% of the vote give or take 5%. Several minority parties control the rest of the vote, but none of those parties are as powerful as the ultra orthodox, which controls about 10% of the vote. […]
READ MOREAre You Religious?
“Are you religious?” one Israeli asked me. “Yes.” He then looked for a kipah (yamaka) on my head. There wasn’t one. Then he wondered what I was doing out late on a Friday night. I then proceeded to explain that you could be religious and spiritual without being Orthodox. He was thoroughly confused as are […]
READ MOREAn interesting bet
Warren Buffett has bet a fund of hedge funds that a hand selected group of hedge funds will not outperform the S&P. Very interesting. Which side would you bet on? Warren Buffett bet
READ MOREProcess and Success
There was a fantastic article in the New Yorker magazine (the May 12th, 2008 issue) about Toyota and its “open secret of success.” What the article discussed was Toyota’s relentless pursuit of improving the process of making automobiles. From the fact that any employee can pull an “andon cord” and stop the entire assembly line […]
READ MOREMorris Smith is quite an inspiration
This is a fantastic article about Morris Smith leaving his job as the head of Fidelity Magellan and pursuing a life of meaning and study. I think you can learn a lot from his example. Morris Smith from Fidelity
READ MOREThinking of Investing in China?
Guess what your return would have been had you invested in China in March of 1998, ten years ago. Consider before you answer that the last ten years has been unstoppable GDP growth, a miracle in terms of economic change. China has emerged on the scene as an economic powerhouse and it is on the […]
READ MORE“What do you do for a living?”
I had a conversation with one of my best friends this weekend and we talked about many things. My friend was commenting on how much I had changed and asked me about some of the steps I had taken to effect that change. And we touched on a very important point that has been of […]
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