Maya Peterson wrote Lighthouse to inspire and empower women to study “female lighthouses in the world of finance.” While these women have navigated different paths, what they have in common is the shared experience of being women in a male-dominated ...
From Butler to Buffett provides a great example of the evolution of newspapers from the late nineteenth century up through the consolidation of the industry that was largely complete a hundred years later. Murray Light provides a fascinating account of ...
Summer is a great time to get away from the business world. Although taking a vacation during a pandemic can involve overcoming a number of issues, it is always possible to take a virtual vacation through the pages of a ...
Robert Moses came of age at the dawn of the twentieth century and shaped the New York metropolitan region in ways that continue to have profound impacts on the lives of its inhabitants to this day. As his biographer points ...
In The Joys of Compounding, Gautam Baid does an excellent job of taking several steps back from financial analysis and relating how his life story shaped who he is as an investor, how seeking a broad-based education and the “worldly ...
"Everything can be taken from a man but one thing: the last of the human freedoms -- to choose one's attitude in any given set of circumstances, to choose one's own way." — Viktor E. Frankl December 7, 1941 Nearly ...
“True knowledge exists in knowing that you know nothing.” -- Socrates The twentieth century was one of the most momentous in human history. Technology altered every sphere of politics, business, and day-to-day life to the point where the lifestyle of ...
"If a man does not know to what port he is steering, no wind is favorable to him." -- Seneca Return on investment is the central concept of capital allocation. As investors, we seek to obtain the highest return on ...
On January 19, 1917, German Foreign Secretary Arthur Zimmerman sent a fateful telegram to Heinrich von Eckardt, Germany's Ambassador to Mexico. The telegram authorized Eckardt to propose a military alliance with Mexico. Germany would provide Mexico with generous financial aid ...
"Jony had a special status. He would come by our house, and our families became close. Steve is never intentionally wounding to him. Most people in Steve's life are replaceable. But not Jony." -- Laurene Powell Jobs Steve Jobs walked ...
"The trouble with market research is that people don't think what they feel, they don't say what they think, and they don't do what they say." -- David Ogilvy Beautiful equations are seductive. Mathematics brings logic and structure to a ...
"So whatever you wish that men would do to you, do so to them; for this is the law and the prophets." -- The Golden Rule as expressed in Matthew 7:12 Hanlon's Razor advises us to give others the benefit ...
"Buffett trusts me so much with Berkshire's money that I am even more careful in handling Berkshire capital than in handling my own." -- Bruce Whitman, former CEO of FlightSafety International Trust takes a long period of time to fully ...
"The decision to disrupt businesses that are fundamentally working but whose future is in question—intentionally taking on short-term losses in the hope of generating long-term growth—requires no small amount of courage." -- Robert Iger The risk of potential disruption strikes ...
"Higher mathematics may be dangerous and lead you down pathways that are better left untrod." -- Warren Buffett, 2009 Berkshire Hathaway Annual Meeting Success in most areas of life requires having a clear and coherent view of reality along with ...
Social norms govern how individuals interact with each other and with society at large. Many norms have been incorporated into legal systems but most continue to be informal conventions. A significant percentage of the population will fail to adhere to ...
"The real fortunes in this country have been made by the people who put their capital into a business that had a future, worked hard, invested more capital, and stayed with their investment throughout the years -- depression and boom ...
Reading a book can be deceptively expensive. The cost of a new hardcover book on Amazon is usually in the vicinity of twenty dollars, but the real cost of reading any book is the time you spend reading it. If ...
It is Friday afternoon, around 4:30 pm, and Dan just got back to his desk from a meeting. He sees Janet, his manager's boss, drinking coffee nearby. Dan's son goes to the same school as Janet's daughter and he has ...
"Research is a quest for truth, not a confirmation of predetermined beliefs that we have concluded to be true. It must be conducted without an agenda. You should not care what truth will be revealed, as long as your process ...