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Goodreads For The Smart Investor: Investing and Driving Are Eerily Similar, Competent Managements, Being Hooked to Tech et al.

Principal consultant with 20 years experience in financial industry
Mar 9, 2018 6:20 AM 3 min read
Editorial

Editor's comment: This is part of an ongoing series where Ravichand from Stock and Ladder curates reads which may help you in making smart investment and entrepreneurial decisions.

 

Investing

 

The Path is Never Smooth (Muthu)

 

The Path is Never Smooth

D. Muthukrishnan, a Certified Financial Planner – Personal Financial Advisor tells us how Warren Buffett’s company, Berkshire Hathaway has grown through massive volatility during the journey of last 53 years, expanding into a $500bn+ company. Markets therefore, are unpredictable and the journey to making huge gains will never be without pain.

 

Investing and Driving Are Eerily Similar (Anthony Isola)

 

Investing and Driving Are Eerily Similar  

Antony Isola compares the insanity of global stock exchanges to the chaos of our roads. Both, he says, are dominated by open systems, unknown variables, and irrational human behavior – a recipe for traffic accidents and market crashes. He lays down rules, following which one may end up safer and wealthier.

 

Growth Without Goals (Investor Field Guide)

 

Drawing from Jiddu Krishnamurti, a philosopher, speaker and writer Patrick O’Shaughnessy emphases on how one should focus on being orderly in the instant. He dismisses the idea of a future goal, rather believes in following a continuous process, informed by deep research in order to achieve success in one’s investments and well as in life, in general.

 

Is Investing Like Gambling? (Financial journeyman)

 

Is Investing Like Gambling?

How similar or different is investing from gambling?

 

How Do You Know The Management Is Competent (Microcap club)

 

MicroCapClub, a forum for investors focused on microcap companies trading on United States, Canadian, UK, and Australian markets discusses how management competence is a significant factor that investors should consider prior to investing in a company.

 

Mental Model: Thinking from First Principles (Anshul Khare)

 

Anshul Khare discusses how First Principle Thinking, that is, boiling things down to the most fundamental truths and then reasoning up from there is more effective than thinking by analogy while investing or establishing a business.

 

Offbeat Stuff

 

"If you only read that everyone else is reading, you can only think what everyone else is thinking” 

- Haruki Murakami

 

Ideas that changed my life (Morgan Housel)

 

Morgan Housel succinctly summarizes the biggest ideas that changed his life in 4 sentences. “Start with the assumption that everyone is innocently out of touch and you’ll be more likely to explore what’s going on through multiple points of view, instead of cramming what’s going on into the framework of your own experiences. It’s hard to do. It’s uncomfortable when you do. But it’s the only way to get closer to figuring out why people behave like they do”, he says.

 

40 years of data suggests 3 myths about Globalization (Harvard Business)

 

Using the latest data from the World Inequality Report, Lucas Chancel debunks popular beliefs around globalization and its impacts on global inequality. This is perhaps the first step in rectifying these myths and generating a new public discourse which can potentially trigger a systemic change leading to an egalitarian society.

 

Has Dopamine Got Us Hooked on Tech? (Guardian)

Dopamine Has Got Us Hooked to Technology

Simon Parkin unravels how Facebook manages to keep us hooked to its app. he explains how technology, social networks in particular, function to trigger the pleasure hormone, dopamine in the user, only to get him/her addicted to the app.

 

Your Next Car Might be a Subscription (Fast Company)

 

Jaclyn Trop examines the own a card on demand model which is all set to disrupt the automobile industry.

 

Originally Published in Stock and Ladder