How To Put Together An Investing Soccer Team That Can Win

How To Put Together An Investing Soccer Team That Can Win

With the World Cup coming up, I thought it was timely to share a mental model that I find helpful in constructing a portfolio. Don’t get me wrong, I am not trying to gamify investing. Far from it – I take my responsibility for our capital very seriously. However, I frequently find that other disciplines have a lot to offer in helping me think about how to best invest, and this is one of those times.

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Three Questions Warren Buffett Won’t Answer At The 2022 Berkshire Hathaway Annual Meeting

Three Questions Warren Buffett Won’t Answer At The 2022 Berkshire Hathaway Annual Meeting

My first Berkshire Hathaway Annual Meeting was in 2002. I was travelling to Omaha with the Fidelity team of 20+ investors. The new analysts had an important job – get up super early to get a spot in line. That way the Portfolio Managers and Senior Analysts could sleep in, and still get a spot upfront. I thought I was ready. I was not.

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My Journey To Chess Mastery

My Journey To Chess Mastery

I grew up in the former Soviet Union, where almost everyone played chess to some degree. It was also something that was studied very rigorously from an early age by those who wanted a chance to excel, the same way that math or science was. In St. Petersburg, the best chess school was at the “Dvorets Pionerov” or the “Palace of the Pioneers.” That’s where future Grand Masters trained, typically from an age of 5.

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Today’s Financial Bubbles: Avoiding Colossal Loss In A Strange Investment Climate

Today’s Financial Bubbles: Avoiding Colossal Loss In A Strange Investment Climate

This is as precarious an investment environment as any that I have experienced during my two decades of investing. Prices of many securities and asset classes are optimistic, in some cases bordering on irrational. When the pendulum of the market swings so far towards greed, we need to be even more careful than we usually are in our capital allocation. Just because most market participants are in a generous mood does not decrease the amount of uncertainty facing businesses. What it does is make it very easy to lose large amounts of money and hard to make good returns.

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How Long Will My Money Last?

How Long Will My Money Last?

Your money is unlikely to last you as long as most savings withdrawal calculators will tell you. That famous 4% withdrawal rule? Not so fast, especially not in the current environment. Before you entrust your retirement to some over-simplified rule of thumb, you should understand what’s really involved and what you need to know in today’s low-return investing climate.

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Not Learning From Investing History Can Be Hazardous To Your Wealth

Not Learning From Investing History Can Be Hazardous To Your Wealth

“It’s different this time.” This phrase has likely cost many investors far more than they realize. Each period of time is indeed different. However, there are many insights that we can learn from history that should inform how we invest today. Failing to learn from the past mistakes of others can be hazardous to your wealth.

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