Book of Wise Investors

“There is nothing like writing to force you to think and get your thoughts straight.”

This is by far my favorite quote of Warren Buffett and by far the greatest insight from him.

Buffett has a habit of filling up at least one A4 page of paper with reasons why he wants to invest billions in this company. Thomas Edison has a habit of documenting his thoughts to help him to think, to increase his persistence.

The fact is that if you cannot articulate clearly in own words about something, that means you did not really think about…

“You want to learn from experience, but you want to learn from other people’s experience when you can.”

Which is wiser?

Screw up everything and then learn from own mistakes or observe both the failure and success stories of business and investments of others and learn from their mistakes.

While experience is a better teacher than books and professors with first class honors, it can get very expensive if you are only learning from own mistakes.

If you learn that people get burnt when buy shares during a bubble period, you don’t do the same thing yourself so as to…