Book Review

Avoiding the risk of processing too much and not processing well, I focused on reading and re-reading the last part “Saying no to almost everything”, full of practical tips. #Simplicity

It is very refreshing to see the dichotomy: the presence of both great investors and the simplicity of their use of methodology/strategy. In a world everyone seems to be encouraged to stretch in “competence” beyond the point of minimal honesty, it strikes hearts to see how it is still possible (and beyond rewarding) to stick to your honest knowledge and have your return set in abundance.

What was taught was what ought to be. And that’s precious just by itself, when we’re constantly being attempted to be molded into the mentality of scarcity of rewarding return and complexity equals advantage, the combination which is unlikely to produce quality reliables. That bit about startup/IPO was especially bold and interesting, it pinpoints to his and Buffet’s extreme measure-provision of safety all along, seeing so cheap a bargain that it provides “a significant margin of safety”, “paying less than 50 cents for an asset of 1 dollar”, which is what I’ve standing by personally also.

Big lesson: don’t go with the flow before it takes you even deeper.

This is originally a book review for ‘richer wiser happier’