Author: Oddmund Groette

Taxes And Compounding

To shelter your savings from taxation while building your nest egg is extremely important. I believe this is pretty obvious for most investors, but I suspect it’s still neglected because the headwind takes about ten years to really make a difference. Unless you have a tax-sheltered account you will take a beating whenever you receive a dividend or sell a

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Should You Choose A Scalable Or Non-Scalable Profession/Career?

The word scalable is in Merriam-Webster defined like this: 1 : capable of being scaled 2 : capable of being easily expanded or upgraded on demand   //   a scalable computer network The media loves a good story of someone who has disrupted an industry or made a fortune doing something unique. An article in the Boston Globe caught my

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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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Stocks, Investing, Real Estate, Charlie Munger And Inverse Thinking

Charlie Munger likes to think inversely. Inverse thinking simply means focusing on the things you don’t want to happen. Munger didn’t invent this concept, but he has made it immensely popular. While Munger turns the question on its head, he touches upon a very important aspect: how to avoid mistakes. Why does inverse thinking help? Munger says inverse thinking avoids

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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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Some Valuable Quotes From Nassim Nicholas Taleb

I reread all of Nassim Nicholas Taleb’s books in October 2019 (except The Bed of Procrustes, which I have not ordered yet). I strongly recommend all his books, both for insights in your “everyday” life or “trading/investment” life. His books have made a huge impact on how I view the world and how I invest. While reading I wrote down

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Why I Don’t Recommend P2P And Crowdfunding

Crowdfunding/p2p is a relatively new asset class and has increased in popularity over the last five years. To my knowledge the biggest market, UK, at one point had 12% (?) of the lending market served by crowdfunding. But before you dip your toe in the crowdfunding water you should carefully evaluate if this is for you. My advice: be very,

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The Correlation Between Homocide And Firearms

Mainstream media and politicians always call for limitation of firearms to avoid murders and violence. Because of this, I wanted to look at some numbers by myself. This article is superficial and does not in any way explain any cause and effect, which I believe are more complex than we imagine. First up is simply a correlation of all countries:

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