I learn about exploration and exploitation from Quit: The Power of Knowing When to Walk Away by Annie Duke (my summary of the book here) with the observation of how ants look for food and forced quitting. The concept is very applicable in investing together with the other concepts from the book. Also, Edward De…More
Monthly Archives: April 2023
The great investing myth (9): Being a contrarian
Being a contrarian investor means investing against the prevailing market sentiment and conventional wisdom. Contrarian investors often look for opportunities to buy when everyone else is selling, and to sell when everyone else is buying. Some may connote contrarian investing as acting differently from the crowd. In general, many successful investors are contrarians such as…More
📚 Quit: The Power of Knowing When to Walk Away by Annie Duke
While grit is celebrated as a virtue, quitting is cast negatively as a vice. Quitting means failing, losing and not being determined; quitters are losers. Society emphasizes not giving up and perseverance. Quitters never win, and winners never quit. Keep trying. Quitting is not an option. Finish the marathon! See you at the top! Stories…More
Here’s why the best investing opportunities are not obvious 😊
The market is a noisy place. Yes, the market is sentiment-driven. We can be caught on with our emotions, lose our objectivity and follow the herds (i.e. we are part of the herd). We may not have an edge or we may be late that the upside can be limited. The bulls are too obvious.…More
📖 The Subtle Art of Not Giving a F*ck by Mark Manson
The world is constantly telling you that the path to a better life is more, more, more—buy more, own more, make more, fuck more, and be more. This causes you to become overly attached to the superficial and fake, to dedicate to chasing a mirage of happiness and satisfaction. The key to a good life…More