Frederik Gieschen
🤔"How did everyone get so rich around here?" Painting the walls of my world with words and voice. I write about money and life.
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Sam Zell: "I’ve had a number of brilliant people working for me who didn’t make it because they couldn’t grasp how to think about a deal. You’ve got to be able to look at the deal...
Enjoyed this book examining 'flashes of insight' and intuition, drawing on military strategy, neuroscience, and Eastern philosophy. Four step process based on Von Clausewitz: stud...
Druckenmiller keynote on debt, entitlements, and the dollar. "The Fed can’t save us." "The demographic storm is just getting under way." https://t.co/rcXhd4ILD6
Steve Jobs: The doers are the major thinkers. "It's easy to take credit for the thinking. Oh I thought of this three years ago. But when you dig deeper, you find that the people t...
10 important ideas from Buffett's speeches at the University of Notre Dame. Buffett succeeded by being selective and patient: "Almost everybody I know in Wall Street has had as ma...
Buffett profile from 1979: "The essence of Buffett's thinking is that the business world is divided into a tiny number of wonderful businesses worth investing in at a price and a h...
Adebayo Ogunlesi, founder of Global Infrastructure Partners. "When I decided to start GIP I went to see Henry Kravis. 'I’ll give you two pieces of advice. Any fool can buy a busi...
Ben Graham's last interview from 1976, shortly before his death. "The Stock Exchanges appear to me chiefly as a John Bunyan type of Vanity Fair, or a Falstaffian joke, that freque...
Russell Napier: "Many investors today still pretend that we’re in the system that we had from 1980 to 2020. We’re not. We’re going through fundamental, lasting changes on many leve...
The media has long been obsessed with finding the 'next Warren Buffett'. This typically turns out to be a kiss of death for performance and has become known as the ‘Buffett curse’....
Druckenmiller was on @DavidNovakOGO's podcast this week. Some favorite highlights below. "You get your grades in the paper every day. There's no hiding in the investment business....
Buffett on capital allocation in 1994: "Basically we tell [our CEOs] to mail all the money to Omaha. We put our arms around it. (Laughs) And we allocate all the capital ourselves....