Graduated from Harvard Business School
Attended Anthony Robbins seminar opened a new way of looking at the world.
From that point started figuring out, rule for how to improve my life
Compound interest is 8th wonder of the world.
Compound at any rate, over long period of time, it gets large very very quickly.
You can Compound goodwill over time and it gets large too.
Listen to Charlie Munger talk "24 standard causes of Human misjudgment".
Schldein talks about psychology of human judgement - Power of reciprocation.
I am slightly crazy in that way and when something grabs me, i just do it. Sometimes if it fascinates me, i do it with great intensity. So i set myself a goal of, i think 3 notes a day 5 days a week. Just kept sending it out.
Power of Authencity
The idea of Resonance
Great book by Holldobler and Wilson: Journey to the ants.
Fiction to say we are rational, we are rational in limited circumstances.
I think Im a better investor that I know I am not rational and this is something I have to deal with it and i have figure workarounds to make it better.
Anthony Robbins "Matching and Mirroring" or Mohnish Pabrai calls it Cloning.
Conserve will power for things that count for example exercise in morning afterwards you cannot.
Create habits and behaviours that improve the probability that I will outperform the market.
NoteForMe : compare revenue, earnings and profit of companies in same sector may be read annual reports and get picture to sell or not
Guy's investments rules
If you take S&P during 2009, it was very skewed by some overvalued companies, its sort of Market Cap-weighted index. So more these companies were overvalued, more they had to be in the index, so if you are investing in the index, its more skewed towards the opposite of value investing. Find indexes which are not skewed by looking at 'how the index is constructed'.
Asked warren buffett 'How you deal with envy ?'
WB : I don't know.
WB talks about 'Inner scorecard' idea. Work on something that gives you true joy.
Emotions are call to action.
Envy is a signal, to figure out something wrong in my life that i need to change. Fixing envy is by ensuring we go to bed everynight happy with what we did during the day. If we are not doing that, then we need to try really hard to get to doing that.