Category: Business

A Leveraged, Capital Intensive, Competitive and Cyclical Business Is Fragile (Some Thoughts On Fragility Vs. Antifragility)

Fragile – handle with care: Fragile is defined as an object easily broken or damaged. When you order something online that is fragile it most likely is labelled as “handle with care”. The reason is pretty obvious: it can’t sustain shocks, knocks, beating or being dropped to the ground.  It easily breaks apart. The opposite is antifragile: Antifragile – do

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The Management Myth – Debunking Modern Business Philosophy

I guess most readers of my website have read books by management gurus like Jim Collins and Tom Peters, and many more have probably studied Micheal Porter’s Competitive Strategy. But the “problem” with business theory is that it’s solely built on case studies and has not been tested scientifically. Matthew Stewart’s The Management Myth – Debunking Modern Business Philosophy “debunks”

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Famous Quotes By Warren Buffett

I believe Buffet’s annual letters are an invaluable source of investment knowledge. I recently reread all of them, in addition to rereading Lawrence Cunningham’s The Essays Of Warren Buffett – Lessons For Investors And Managers, a book containing excerpts from all the annual letters.  I have read the annual letters a few times, but I keep rereading them  at 2-3

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My Favorite Quotes from Atul Gawande’s The Checklist Manifesto

Some weeks ago I published an article about what investors and traders can learn from Atul Gawande’s The Checklist Manifesto. I like to take notes when I read (see my notes  on the pic to the left, excuse my eight-year old handwriting). I believe this is a fantastic resource to revert to later. Better, though, is reading a good book

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What Investors And Traders Can Learn From Atul Gawande’s The Checklist Manifesto

This weekend I reread The Checklist Manifesto, a book published in 2010, which argues the case for a systematic approach to our daily work as professionals. Below you find arguments for why I believe a checklist should be a part of the toolkit of any aspiring speculator or investor. Both Charlie Munger and Warren Buffett use checklists. Buffett has a

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Minimum Wage And Its Implications

More or less all countries have established minimum wage by law. It serves as a floor for the price of labor. Put simply, minimum wage is the lowest hourly, daily or monthly payments that employers can legally pay to its workers. Even a worker cannot sell his labor at a lower price  if he wants to! In this article I

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