To not act like an idiot, do as follows: 1. Watch Peter Lynch's 1994 lecture https://www.youtube.com/watch?v=72Pq5zKEi_g … 2. Read annual reports, Buffett, Keynes, Munger, Marks & Graham 3. Eliminate exposure to all sources that may produce symptoms of irrationality 4. Stick to what's easy
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Replying to @Tinyvalue
Great points! When disseminated via Twitter, there's an interesting irony to #3.
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Replying to @DAG_Investments
Thanks, and agreed re #3! Twitter's a cesspool of irrationality. I mostly just use Twitter to keep up with what's going on at Tiny via
@awilkinson & proceedings at@manualofideas :) The only advice & guidance I accept and use is from my favorite books!2 replies 1 retweet 2 likes -
Replying to @Tinyvalue
I obviously use Twitter a lot so I wasn't criticizing your use of it ... just noting the irony. Unfortunately, it is simultaneously a "cesspool" and also a wealth of insight from some very sharp people to whom I wouldn't otherwise have access.
1 reply 0 retweets 2 likes
Agreed, measured selection and use of filtration is a good way to reduce exposure.
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