 |
|
Dear Gs
I hope that you are keeping well during the pandemic.
I'm sending this to you because you asked to stay in touch. If that is no longer the case please use this link or the footer of this email.
I hope that the material below is interesting, useful or helpful to you.
If you want to be sure to receive my printed holiday card, please update your address with us, if you have not done so recently.
Stay safe and warm regards, |
 |
|
|
1. Essay and White Paper
We all know that greater connectivity through the internet and devices is a double-edged sword. It gives us so much instantly available knowledge while at the same time being an overwhelmingly powerful distraction machine. When it comes to my own investment research skills, I think it has been a net-negative.
But during lockdown I had an epiphany when it comes to research and knowledge management. I wrote an essay about it titled Knowledge Management in a New Era. You can read here
Roi Lipovetsky has been doing a remote internship with me. He wrote a white paper on How to do Scuttlebutt (or research) on Company culture. You can read that here. And Hermann Peterscheck gave me permission to share his Q3 Letter.
I'm looking forward to writing something on finding 100 Bagger Investments - which will incorporate insights from books by: Chris Meyer, William Thorndyke, Phil Fisher and Hamilton Helmer along with other materials. If you have thoughts to share now, do send a message by email or Twitter.
2. Podcast - Learning in Public
The podcasters I admire the most - like Tyler Cowen, Mark Bidwell and Pat O'Shaughnessy, all use their podcasts to learn in public. This is what I aspire to do with mine. Recent episodes include: Camilla Cavendish, Herrmann Peterscheck Eitan Chitayat - all great people to learn from.
Some of the episodes have to be restricted - when it's an investor presentation, or a call with my investors or with prospects. In order to see those, you need to be registered on my fund's website, and affirm that you meet the accreditation requirements.
You can access the podcasts on Apple, Simplecast, Spotify and elsewhere.
Future episodes in the pipeline include Amanda Pullinger, FW de Klerk, Jehangir Appoo and Kevin Schawinski.
3. Twitter
My podcast episode with Aaron Edelheit taught me a lot about how to use Twitter as a tool for learning. There will be sceptics. But I have learned that Twitter does not have to be a screaming match. It can also be a university seminar - or better.
Even if you read no further, please stop off first at Naval Ravikant's Twitter account and check it out. @naval - with more than 1 million intelligent and thoughtful followers is not your average twitter account.
And if you have more time, read Alexey Guzey on why you should join twitter now, watch David Perell and Matthew Kobach on how to crush it on Twitter or check out my own tweetstorm on the topic.
With enough social capital on Twitter, it becomes possible to ask interesting questions and get a useful response. For example, Chris Mayer recently asked his followers to list family run, publicly traded companies. The responses are phenomenal.
Here are some more great tweetstorms:
Here are a few of mine:
My biggest surprise out of doing them, is the resources they generated. Aaron Edelheit calls it "generating alpha from writing": He's on to something.
4. Great writing, Books.
I have discovered a proliferation of great writing on the internet. Here is a post on by Marie Dollé explaining why.
These are some of the newsletters that I subscribe to.
Take, for example, Nicolas Colin's 11 Notes on Berkshire Hathaway. Nicolas is both wise and prolific. And here is Stripe CEO Patrick Collison's website. He embodies the idea of learning in public. Anyone starting their career should read his advice. His questions show how broadness Pat's thinking is. And it was Collison and Derek Sivers who inspired me to create my own now page.
When it comes to value investors who get technology without buying into the hype, Marcelo Lima is one of a small handful. Here he writes about the world in 10 years. And Vitaliy Katsenelson wrote a book on Tesla which you can get for free on his website. For my part, I am still on a steep learning curve.
In non-tech writing, William Green's long overdue book "Richer, Wiser, Happier" is now listed on Amazon. It will be a blockbuster. The investment book of the decade.
While we wait for it to come out, consider reading Mallika Paulraj's How the Best Invest - Make Confident Decisions Like the Investing Superstars. Like Gautam Baid, she's one of a growing number of Indian investors and authors who have a global perspective.
These are times of extremes. Professor of Philosophy Lou Marinoff has an antidote with his book The Middle Way. It is currently free on Amazon right for a limited time.
Books on my bookstand right now include:
- What it Takes by Stephen Schwartzman
- Pandemic 1918 by Catharine Arnold
- No Rules Rules by Reed Hastings and Erin Meyer
If anyone thinks I buy too many books (or read too few), check out Umberto Eco walking through his library. And see Maria Popova explain why she thought an anti-library of unread books may be more valuable than the read ones.
5. Extraordinary Ecosystem.
Around a decade ago, I learned an important but rarely applied rule of business and life. It is best stated by asking this question:
What would happen if I keep seeking out the very best people I can, from within my ecosystem, and do my best to help them?
In a certain sense, my life has become a fun and interesting journey as I implement this experiment and explore the consequences. I have already written about some of the rewards - like lunch with Warren Buffett, and my friendship with Mohnish Pabrai.
Here are some others that I'd like to celebrate with you - in no particular order.
With that, I'm wishing you the very best for the end of the year.
Warmly, |
|
 |
|
|
Want to change how you receive these emails??
You can update your preferences or unsubscribe.
Rämistrasse 18
8001 Zürich
Switzerland
www.aquamarinefund.com |
|
