Sidecar Investor Rame MastersInvest.com Summary here: youtube.com/watch?v=zO39kj…

'People would be better off if they say, ‘I bought a business today,’ not a stock today because that gives you a different perspective on it. You don’t buy or sell your business based on today’s headlines.'

- Warren Buffett

‘For all lending decisions the focus is on default risk only, in other words one does not accept somewhat higher risks for higher margins.’

- Neils Kroner

Reminds me of Buffett…

‘We don't say, 'Well, we don't know what's going to happen, so therefore we'll discount it at 9%…

Randomly came across the 1943 Annual Report for the Rockefeller Foundation, and this section stood out:

'The supreme questions which confronts our generation today...is whether our technology can be brought under control. Is man to be the master...or the victim?'

'So, who is buying gold in bulk?' The Economist

Not ETF's but China Central Bank, Instos and Costco customers

economist.com/finance-and-ec…

'Makers of industrial goods are turning over their stocks more slowly than sellers of consumer products. But whatever they make, manufacturers are trying to ease the pain. A common tactic is to cut down the variety of goods they produce. Hasbro, a toymaker, said in February that…

Thoroughly enjoyed this.. an easy read on what can be a dry subject.

If only Silicon Valley Bank’s execs had read this … 50 bucks might have saved nearly $20 billion.

‘The bank engages in maturity transformation only with assets that are de facto sticky - i.e. household…

‘Flat whites are Australia’s greatest culinary export. They are even better than Vegemite.’ The Economist

☕️ 👊

economist.com/culture/2024/0…

‘But MSCI, which compiles financial indices, thinks that over the next 25 years the costs of climate change, in terms both of damage to property and of investments to reduce emissions, may amount to almost a tenth of the value of the housing in institutional investors’…

‘In the decade from 2000 to 2009 only three thunderstorms cost the industry more than $1bn at current prices. From 2010 to 2019 there were ten. Since 2020 there have already been six. Such storms now account for more than a quarter of the costs to the insurance industry from…

An extraordinary collection of lessons that Danny Kahneman imparted. Worth reading and celebrating an extraordinary life: behavioralscientist.org/remembering-da…

'Estimates miss earnings, not vice versa.'

- Market Veteran

Fabulous book...

Promote ownership …

'If you're a restaurant owner and a new restaurant opens across the street, serving the same food, how do you feel? You feel like someone is putting your livelihood at risk, threatening you, threatening your family. It's personal, because the restaurant is…