As someone who enjoys reading and keeping track of my thoughts, I often find myself jotting down notes on various topics that I read. Sometimes these notes are just simple observations or ideas, while other times they are more in-depth analyses of a particular subject.
Recently, I’ve been reflecting on the value of keeping personal notes and how they can be useful not just to me, but to others as well. I believe that sharing our personal notes and insights can help us connect with others, foster understanding, and even inspire new ideas.
So, without further ado, here are some of my notes that I think you might find interesting from the FacelessTrader.
Things learned over the years:
Don’t try to make gold out of junk. It rarely works.
Quality investing is financially rewarding, enormous peace of mind and no sleepless nights.
The Walton Family is a better capital allocator than Warren Buffett.
Distressed situations are fascinating because they’re just as much about game theory as they are about legal rights.
Life doesn’t get better by chance, it does by change.
Think as big as you want to think.
When things fail, we just sprain our ankle and try something else. We can invest in 5G, the leading e-commerce potential, healthcare breakthroughs. It’s not because we are crazy. It’s because we know how to manage risk.
Draw a balance between buy-and-hold and buy-and-ignore.
Focus on sensibilities, not sensationalism. Look for a reasonable upside, less downside. It ain’t gonna match crazy returns on smallcaps but it is a steady compounder.
Rather overpay and buy a good company foregoing first few years of return than buy a lousy company even if it is cheap.
Making money is not easy, preserving it is even more difficult. Concentration builds wealth. Diversification protects wealth. Preservation of capital should never be ignored. So, while focus is needed, simultaneous diversification is also mandatory.
Whether you think you can or cannot, you’re right. – Henry Ford
What you think is a self fulfilling prophecy.
Any improvement you want to make involves optimism. It’s crucial to solve problems with a mindset.
Visualize the good version of yourself.
Two times a man shouldn’t speculate- when he can not afford it and when he can
An asset play is any company that’s sitting on something valuable that you know about, but that the crowd has overlooked. Sometimes it’s cash, sometimes it’s real estate.
Financial literacy involves studying human behavior, and how fears and biases creep into investment decisions.
The down markets are always so much more critical—they always go straight down, basically. And that’s what really creates panic
Ask “is it worth it?” Before you buy
Does it fit me
Don’t get sucked in by getting everything
Just find what you want and align your rules with these
You’d have more cash if you’re only dealing with what’s important to you
Some people couldn’t piece one and one to three
Coz sometimes it’s not two
Sometimes it’s negative 5
Sometimes its positive 5
Coz markets and businesses aren’t math
There are many variables other than the info laid out
There’s never a price too high for a company that’s going higher. Pay attention to the direction. Not where it has been.
Everything we hear is an opinion, not a fact. Everything we see is a perspective – Marcus Aurelius
Many disclosures will try to get you to buy
Say no often
Develop criteria
Develop rules
Look at deals only with evaluation
Set the kinds of things you’re willing to support
A certain rule makes it easy to say no to everything else
Predicting rains doesn’t count. Building arks does. – originally from Buffett
Bosses push , leaders pull. Originally from Dave Ramsey
True innovation happens when you try to do something 10X better than improve it by 10%. —> The Google’s Larry Page once said this 😀
The biggest payouts come from where people aren’t betting
You gotta have heart to have heartbreak
Ayaw- may dahilan, gusto- May paraan
Invest the best hours of your day in the biggest opportunities; not the biggest problems.
Average intelligence but above average patience can make you very rich. Learn to be patient. See the long game
Logic will get you from A to B. Imagination will take you everywhere. – Albert Einstein
Logic will get you from A to B. Imagination will take you everywhere. – Albert Einstein
Statistics mean never being certain
You can still lose a lot of money buying a stock that has fallen 90%
You can still make a lot of money buying a stock that has risen 1,000%
-Credits to Brian Feroldi.
To earn money is just another way to say, “to find a way to be helpful.”
Allow yourself to be wrong. Unknowingly you give yourself the freedom to be right. Being Unafraid of being wrong is a freedom releasing ability to explore and find winners.
If you are the smartest guy in the room, find a bigger room.
Just because life is unexpected, doesn’t mean you have to be unprepared
Networks are underrated. Algorithms are overrated – overheard from fatbaby funds- gotta agree
Don’t give up dollars to chase cents
There’s always a rainbow after the rain, so keep your heads up.
When you invest in yourself, you can’t lose.
The difference between a trader and a truly prescient investor is having the courage to let your winners run until you reach the logical conclusion of the investing thesis that prompted the initial investment.
That requires not just tactical trading acumen, but a macro belief in a theme or regime that powers the asset’s long term returns.
Doing well with money has little to do with how smart you are but by how you behave
“To get why investors sell at the bottom of bear markets, don’t study the math of expected future returns, think about the agony of facing and looking at your family and wondering if your investments imperiled their future.”- Morgan Housel
“The best investors in the world” are dead or old. Period. In other words, time not timing
Investing allows me to flex my mental muscle, to delve into probabilities, risk, connecting the dots, apply mental models, and understand human behavior, all in one
Whatever occupies your time, make it your occupation 🙂
Great comment found in Reddit
To withstand any crisis, always have multiple back ups and redundancy layers so no single point of failure can harm you.
“Boiling water will soften a potato but harden an egg. You can’t control whether you’re a potato or an egg, but you can decide to play a game where it’s better to be hard or soft.” — Atomic Habits
The greatest success comes from having the freedom to fail. -Zuckerberg
You are the CEO of your life. Hire, fire and promote accordingly . – the brand startup
Word of the day
“You can find a stock with luck, but you can only hold it on purpose.” -Ophir Gottlieb
We realize the biggest risk is not thinking big enough.
Intelligence is hitting a target nobody else can
But genius is hitting a target nobody else can see
Probability thinking is the first essential of future thinking.- Dan Jeffries
Fish in places where there’s a huge catch. No need to be the best fisherman in the world. 🙂
