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”

Continue reading

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

Continue reading

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

Continue reading

Should You Trade Or Invest?

I sometimes receive e-mails from potential traders that want to get “rich” trading. I tell them to instead consider investing their capital for long-term appreciation, preferably via passive or active mutual funds. This is why: The chart shows 10 000 invested annually for 30 years with 9% return: after 30 years you have almost 1.4 million in assets. Not bad!

Continue reading

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

Continue reading

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

Continue reading

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

Continue reading

About This Site

My name is Oddmund Groette (1971) and I reside in the former USSR (but I’m a citizen of Norway). This website contains my thinking, thoughts and opinions on the subjects that interest me the most: investing, stock analysis, business and philosophy in everyday life. I have been an investor for almost 20 years (investing my own money), and I spend

Continue reading