"All I want to know is where I'm going to die, so I'll never go there." Charlie Munger If there were only one concept that Charlie Munger were known for (as if that were possible) it is perhaps his concept of inversion - solving problems backwards by identifying and avoiding what would cause failure. If you excuse the crudeness, his abovementioned quote is a major example of this concept of inversion. How do you live? It is not possible to identify and/or prescribe to anoth

Everyday in the news we hear about the rise and rise of artificial intelligence - is a powerful computer or AI subscription all that we need nowadays to get rich? Historical Data Peter Bevelin had argued that as human beings, we would be wrong to rely exclusively on the reasonings and thinkings of a computer. In the infamous pre-2000 chess matchups between Gary Kasparov and the artificial intelligence, Deep Blue, it appeared that man may have had met its match in the game of

Glitz, glamour, trends and fads - if you're going to invest, you want to be the life of the party and the talk of the town with your selections. After all, growth goes onwards and upwards, if you choose the right business (technology). If you're going to do something, do it extraordinarily well? Do something hip, contemporary and something that is in the news all the time - something that you want to wake up for every single day. The popular belief is that the investing publi

The superior man does not waste himself on what is distant, on what is absent. He stands in the here and now, in the real situation. - Confucius Often we tend to emphasize the destination so much that we miss the journey. Stay in the present and enjoy life today. Blaise Pascal wrote: Let each of us examine his thoughts; he will find them wholly concerned with the past or the future. We almost never think of the present, and if we do think of it, it is only to see what light i

"The Battle of Long Island was a disaster for George Washington’s army. His ten thousand troops were crushed by the British and its four-hundred-ship fleet. But it could have been so much worse. It could have been the end of the Revolutionary War. All the British had to do was sail up the East River and Washington’s cornered troops would have been wiped out. But it never happened, because the wind wasn’t blowing in the right direction and sailing up the river became impossibl