Reflections on the Ten Attributes of Great Investors [notes]

Yesterday I read the report published by Michael Mauboussin called as this post title. Michael is Head of Global Strategy at Credit Suisse. I am fascinated with this report, all the common sense Michael share in it. Also, I would like to recommend the Alphaville podcast with the author. About teaching: Teaching imposes a disciplineContinue reading “Reflections on the Ten Attributes of Great Investors [notes]”

Seth Klarman 2016 year-end letter

I have access to the 2016 year-end letter that Seth Klarman has shared with Limited Partners and stuff. How important is Trump’s presidency that Seth divided the year between “Before” (44 weeks) and “After” Trump to share his view of the year. The first one was dominated by tepid economic growth, low-interest rate, rich valuationsContinue reading “Seth Klarman 2016 year-end letter”

Becoming Warren Buffett

I just watch it! It is a great documentary film about his life, most of the time he is talking about his family. I though the whole documentary will be about life/business related but it was a huge surprise that most of the time  it was about his life. This week Charlie Rose interviewed WarrenContinue reading “Becoming Warren Buffett”

2017: a value year?

Great interview by Estrategias de Inversión. If you understand Spanish you must watch this interview to María Dolores Solana, Fund Manager at Santander Asset Management. She has been managing the fund Santander Small Caps for more than 10 years. See below the performance (source). A few comments and quotes: “I am starting to change theContinue reading “2017: a value year?”

16 Questions About Self Driving Cars + links

Every day I need to drive my car around 30 minutes. I do not have a good public transport commute to go to work, so, drive my own car is the best way. But it is quite boring and unproductive. Maybe in 2023 or before I will have the opportunity to read or watch YoutubeContinue reading “16 Questions About Self Driving Cars + links”

The little book of valuation: some notes.

To Buy, sell or hold is at heart of any valution process. Trying to find the diferrent between market price and intrinsic value at the end of the research process is the aim of any investment process. At the end, numbers and the story need to make the securitie a buy, sell or hold. IContinue reading “The little book of valuation: some notes.”