First, Kill Your Ideas


Decision Making, Investment Process, Randomness, Risk

“We are trying to prove ourselves wrong as quickly as possible, because only in that way can we find progress.” – Richard Feynman Investing is part art, part science. There’s no single formula for success as the future is uncertain, probabilistic, and constantly changing (our forecast changes the outcome). All of which rely on our […]

October 31, 2019

Find Your Edge


Analysis, Circle of Competence, Contrarian, Independent thinking, Investment Process

In my previous post, I wrote that to achieve outperformance or above-average returns, your investment process has to be ‘unconventional’ compared to the majority. And that can only be achieved through originality, independent or contrarian thinking, and making connections from disparate information.  Bill Miller, the former Legg Mason portfolio manager, emphasizes the importance of making […]

September 15, 2019