Legendary Investor Guy Spier on How to Generate Investment Ideas https://medium.com/@elfer996/legendary-investor-guy-spier-on-how-to-generate-investment-ideas-b5b00f51d77c#.pfuc5qyuk … #stocks #investing @gspier @manualofideas
The Education of a Value Investor – Notes Off The Margin
Pete Weishaupt
@peteweishaupt
Entrepreneur | Investor
Washington, DC
Joined August 2013
“Value investing requires you to see where the crowd is wrong, so you can profit from their misperceptions.” — Guy Spier
Warren Buffett famously said “Price is what you pay, value is what you get.” With Guy Spier’s book, The Education of a Value Investor, this is certainly the case, though I’d argue the true intrinsic value of his book is immeasurable.
Guy Spier, along with
another investor, Mohnish Pabrai, won a charity auction to have lunch
with Warren Buffett back in 2008 for $650,100. In his book, Guy gives
you “a seat at the table”. It’s not what you’d expect. He covers it all
in Chapter 6. Since their lunch, the price has gone up a bit. Reportedly
the winning bid was $3,456,789 in 2016.
“Chains of habit are too light to be felt until they are too heavy to be broken.” — Warren Buffett
NotesOffTheMargin.com is about business, entrepreneurship, startups and investing. I run a private Investment Fund and I’m also the CEO of Valhalla – Live the Legend
“You never fail until you stop trying.” — Albert Einstein
Once you realize everyone is completely irrational, your life gets a lot easier — Scott Adams
“Never stop testing, and your advertising will never stop improving.” — David Ogilvy
Steve Jobs’ 2005 Stanford Commencement Speech – http://ow.ly/Oif430a3swu
Top 10 Investment Tips from Warren Buffett — the Most Successful Investor in the World - ValueWalk http://buff.ly/2ntCn6S #stocks #investor
The Mathemetician Who Conquered Wall Street – Notes Off The Margin http://ow.ly/OAFz30a3rDA #investor #stocks #investing
For over two decades
Simon’s Renaissance Technologies hedge fund employed mathematical models
to execute trades around the world.
While the typical hedge
funds were charging “Two and 20”, two percent fixed fee and 20 percent
of the profits, Renaissance Technologies, according to Simons, charged
“Five and 44”. He says they charged the highest fees in the world at one
time, but still made their investors spectacular amounts of money. When
people got upset with the high fees, Simons would tell them they could
withdraw, though the typical response was “How can I get more?” Simons
says he eventually bought out all his investors at a certain point
because there’s “..a capacity to the fund.”
Simons started his
career as a “code breaker” and was eventually fired for his views on the
Vietnam War. He was also the Chair of the Department of Mathematics at
Stony Book University for a decade before founding Renaissance
Technologies in 1982.
Simons retired from Renaissance Technologies in 2009. His flagship
Medallion Fund had one of the best records in investment history,
returning more than 35 percent per year over a 20-year span. Reportedly
worth $16.5 billion, he now concentrates on philanthropic work. You can
view the entire interview here.
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“Never stop testing, and your advertising will never stop improving.” — David Ogilvy
Scientific Advertising
by Claude C. Hopkins, was written 1923. It is considered the origin of
ad testing, customer tracking, and loyalty programs. Much of it is
applicable to selling online today. It covers Headlines, Psychology, and
using “free” samples. I purchased a paperback copy from Amazon although the book is available online for free as a PDF
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