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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon

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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Ronald Read was patient; Richard Fuscone was greedy. That’s all it took to eclipse the massive education and experience gap between the two.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness

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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
My friend and fellow value investor, Chris Browne, President of Tweedy Browne,describes what value investors do by telling this story. He was interviewing a new trader andafter the interview, walked them through the Tweedy Browne offices. At the elevator on theirway out, the trader commented, “At other Wall Street firms, just by walking through the... See more
Seth Klarman • Seth A. Klarman remarks at MIT
Markets always place the greatest pressures on the weakest holders. Indeed, that is part of their virtue. They promote efficiency by removing assets from weak hands.