Daniel Bakalarz
@danielbakalarz
Investor at https://unisonam.com
unisonam.comDaniel Bakalarz
Almost everyone starts as a value investor. It’s funny, that's where Buffett started. And then Buffett in the early '90s became a growth investor. And so just be open-minded.
Gavin Baker • Security Error | Columbia Business School
Sorting expenses and investments was easy whenmost of the expenses were on the income statement and most of the assets were on the balance sheet. Butcategorization is a challenge today because income statements conflate expenses and investments. One consequence of the shift to intangible investments is that more companies are reporting negati... See more
Morgan Stanley • Market-Expected Return on Investment Bridging Accounting and Valuation
2. Understand value (the present value of free cash flow).
Dan Callahan • Reflections on the Ten Attributes of Great Investors
from Karen Stenner:"All the available evidence indicates that exposure to difference, talking about difference, and applauding difference - the hallmarks of liberal democracy - are the surest ways to aggravate those who are innately intolerant, and to guarantee the increased expression of their predispositions in manifestly intolerant attitudes and... See more
thekcpgroup.com • The Attention Span. “Racehorses and Psychopaths.”
I believe in investment hypotheses. A hypothesis is a falsifiable statement and is used by the scientific community.
Gavin Baker • Security Error | Columbia Business School
You begin to see each activity not just as a cost, but as a step that has to add some increment of value to the finished product or service.
Joan Magretta • Understanding Michael Porter: The Essential Guide to Competition and Strategy
Seth A. Klarman remarks at MIT
valuehunter.files.wordpress.comHow do you achieve resonance? [Resonant quotes] or places your attention is drawn to and “sticky ideas” that you just can’t let go of are key indicators of your values. Nietzsche put it beautifully :
thekcpgroup.com • The Attention Span. “Racehorses and Psychopaths.”
So life is an everlasting battle between those two forces—to get these advantages of scale on one side and a tendency to get a lot like the U.S. Agriculture Department on the other side—where they just sit around and so forth.