Quote for the Week
Someday I’m going to write a piece called “The Perils of Brilliance.” The times I have been most wrong are the times I thought I was most right. You asked me at the beginning about the things I’ve learned from all of this, and I have to repeat: It’s humility. I think the reason I’ve been able to survive 55 years in this business is because I developed humility, at least after 1958. It’s the only way to survive—not necessarily to be the top quartile—but survival is really the name of the game we’re playing with long-term considerations. — Peter Bernstein (source)
From the Archives
Last Call
- More Lessons From the Do Nothing Portfolio – J. Rekenthaler
- What I Learned About Investing from Darwin – P. Prasad
- Thinking Fast and Slopes – Dror Poleg
- Some Things I Think – M. Housel
- Battle Scars – I. Cassel
- 3 Engines of Value – Base Hit Investing
- The Price of Confidence – Net Interest
- Berkshire Hathaway Annual Book Selections 2023 (pdf) – The Bookworm
- Inside the “Mind” of ChatGPT – Range Widely
- When Deadly Steamboat Races Enthralled America – Smithsonian
