The book What I learned about investing from Darwin (2023), by fund manager Pulak Prasad (Victori review here), gave me the idea of sharing what I learned about investing from art.

I have friends and family members who refuse to invest in the stock market because they think it’s a casino. Worse, some think the market is rigged against them. It

I often get asked to name my favorite books on investing, and I almost always struggle to name just one or two.  Not only does my answer keep changing with

In Oliver Stone’s classic 1987 film Wall Street, corporate raider and Wall Street maverick Gordon Gekko – a role that earned Michael Douglas an Oscar as best actor – makes

Perhaps the biggest awakening I have had as a professional investor is that our job as investment managers does not stop at finding outstanding companies – and making sure they

“The risks of being out of the game are huge compared to the risks of being in it.” – Warren Buffett 2012 Annual Letter to Shareholders “Many a bad move

Tough father experiences are behind some of the world’s greatest success stories. Businesspeople and investors who drew inspiration and drive from their father’s weaknesses rank among some of the best

Our company Kindle account today has 1138 titles, of which I have completed at least 500.  There was a time when I obsessed over completing books cover to cover, as

“If something’s not worth doing at all, it’s not worth doing well.” – Charlie Munger This weekend on LinkedIn I came across a well-crafted visualization of how gold held its

Almost a year ago, billionaire hedge fund manager Ray Dalio published a book titled Principles for Dealing with the Changing World Order (2021) and then followed it up in March

In a 1996 review of Roger Lowenstein’s book about Warren Buffett (link), Bill Gates wrote that “when he [Buffett] invests in a company, he likes to read all of its

When I entered the investing business in 1998, I was an enthusiast on markets.  I used the write a weekly column in the Columbia Business School newspaper that often depicted

Alexis Charles Henri Clérel, comte de Tocqueville (1805-59), was a French nobleman, scholar, and politician, who came to America in 1831 to see what the great republic was like. What

There is no better way I know of to learn about investing than to study legendary investors – and there is no better way to study them than to read

I keeps a collection of quotes that I pick up mainly from books, but also from the internet, movies, songs, and TV shows.  The top ten list changes over time

In the first chapter of 100 to 1 in the Stock Market (1972), Thomas Phelps writes: “Maybe you don’t have ten thousand dollars? Many people don’t.” … “Sorry, there is no

Adam Smith is known as The Father of Economics, but one might argue that Richard Cantillon (1680-1734), who came before Adam Smith and is credited with introducing the concept of

We could not agree more with Durable Capital Partners’s claim that companies are like organisms! But I think stocks are more like people.  Yes, I know people are organisms too,

In our Kindle we passed 1000 books this weekend. Cognizant that it takes years to read even half as many books with the attention the task deserves, I recently changed

An institutional investor recently emailed me a list of 10 questions about Victori that I responded to this morning and share below.   Q:  Are you of the opinion that

The front page of the London Harold on Friday October 25, 1929 attempts to explain what happened on Black Thursday: “too much speculation,” they conclude.  Many other subsequent accounts reached

As shown in the image below which I created in Excel, President Biden was 19 when the Cuban Missile Crises brought the world to its knees, and he was 30

Below I share the books inside my recently created Kindle collection of War Books. While I have generally not been a big fan of this genre, what I learned in

Spikes in oil prices and interest rates have caused shocks to the global economy in the past, and will no doubt do the same in the future.  There are many