Warren Buffett Recommended This Book in 2012

As I’ve mentioned before, I am a voracious reader. In the last day and a half I read an outstanding book entitled The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success (Affiliate Link), by William Thorndike Jr. On the heels of last week’s post about a disappointing book, I thought it wise to share a book you could excitedly add to your summer reading list. I don’t know how I had avoided reading The Outsiders in the three years since it came out. It was clearly an oversight on my part, although part of the blame lies with my local libraries not stocking this book. You see, I read so many books that I would surely go broke if I bought them all. Instead my frugal side commands that I borrow the books from libraries or friends, and only purchase the books that I will want to reread. Spoiler alert, I placed an order with Amazon on Saturday for this book.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive and energy devoted to patching leaks” ~ Warren Buffett Continue reading

Don’t Bother To Read This Buffett Book

As you may recall, I read a lot. My wife would probably actually say I’m obsessed with reading. When I didn’t have a traditional job I would typically read 4 or 5 books a week, in addition to numerous online and print publications. Now that I do have a traditional job I only get to read 1 or 2 books per week, in addition to a fist full of online and print publications. Oh, and don’t get me started on the quarterly and annual reports. Most of the year I have a stack of these reports beside our bed. On a typical night I write about and research investments for 1 or 2 hours, and read for another 60 to 90 minutes. Yes, my wife would say I’m obsessed! Continue reading

Villain

I awoke this morning feeling like something of a villain. It was like I was rooting for the super villain in some Marvel action movie, or for an older crowd….. KAOS in that classic TV comedy Get Smart. No I didn’t have a sinister master plan, or a bunch of destructive gadgets…..instead I was hoping for something out of my control, but no less painful to other people. I awoke hoping for a crash in global equity markets. Continue reading