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Peter Lynch, one of the few fund managers who made above-market returns and then got out before the market leveled him, wrote in his book One Up on Wall Street that the amateur investor has “numerous built-in advantages, which, if exploited, should result in outperforming the market and the experts.” In other words, you should be doing this yoursel
... See morePhil Town • Rule #1: The Simple Strategy for Getting Rich--in Only 15 Minutes a Week!
Donald Durant understood the common person, someone élite bankers, including the Higginsons, had politely ignored for decades. Since the Civil War, bankers had focused on wealthy institutions: first the railroads, then industrial companies, and most recently foreign corporations and governments. But now that individual human beings, men and women,
... See moreFrank Partnoy • The Match King: Ivar Kreuger, The Financial Genius Behind a Century of Wall Street Scandals
The astute investor Warren Buffett is fond of saying that any player unaware of the fool in the market probably is the fool in the market.
Michael Lewis • Liar's Poker (Norton Paperback)
Effectively all of Warren Buffett’s financial success can be tied to the financial base he built in his pubescent years and the longevity he maintained in his geriatric years. His skill is investing, but his secret is time.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
This is a story of a man who believes in hard work and treating people right. Willis always says things like, “If you take care of the company, the company will take care of you,” and “Watch your pennies and your dollars will take care of themselves,” and “Don’t forget a lot of people are counting on us.” These values led to his desire to have no d
... See moreWillis Johnson • Junk to Gold: From Salvage to the World’S Largest Online Auto Auction
Inside of three years, it appeared, Sam Bankman-Fried had created a business so valuable that his share of it implied that he was now the richest person in the world under the age of thirty. “When I first looked at the numbers, I was like, Can this really be true—can this guy really be worth twenty billion dollars?” said Chase Peterson-Withorn, who
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
While Sir Richard Branson advised executives to focus on employees first, customers second, and investors third, Harrison reversed the priorities: investors came first. For him the game was capitalism, pure and simple. You either played it or you didn’t.
Howard Green • RAILROADER: The Unfiltered Genius and Controversy of Four-Time CEO Hunter Harrison

Windsor was not fancy. As in tennis, I tried to keep the ball in play and let my adversaries make mistakes. I picked stocks with low p/e multiples primed to be upgraded in the market if they were deserving, and endeavored to keep losers at break-even levels. Usually, I returned home with more assets in the Windsor Fund than the day before. And I sl
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