Archive for April, 2013

Monkeys & Team Management

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April 26, 2013

The following video perfectly explains why (the perception of) fairness matters, and the degree to which fairness is built into our DNAs. Given the reaction of the monkey (compensated unfairly for task performed), this concept is pretty relevant to team management.    

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Mind of an Achiever

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April 20, 2013

In the competitive world of investing, each of us should constantly be seeking out competitive advantages. Personally, I believe that a certain degree of competitive advantage can be found in the cross-pollination of different schools of investment thought. Many in the value school often deride trading strategies, but they cannot deny the existence of those […]

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Montier & Mauboussin: Process Over Outcome

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April 16, 2013

James Montier’s Value Investing: Tools and Techniques for Intelligent Investment is a book I often recommend to others – Montier does a wonderful job of pulling together a range of topics related value investing. Below are excerpts from Chapter 16 titled “Process not Outcomes: Gambling, Sport and Investment.” Montier derived much of the content below […]

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Wisdom from Whitebox’s Andy Redleaf

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April 12, 2013

Ever experience those humbling moments when you read something and think: “Wow, this person is way smarter than me” – happens to me every single day, most recently while reading a Feb 2013 Whitebox client letter during which Andy Redleaf & Jonathan Wood devoted a refreshing amount of text to the discussion of portfolio management […]

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Howard Marks’ Book: Chapter 13

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April 9, 2013

Continuation of portfolio management highlights from Howard Marks’ book, The Most Important Thing: Uncommon Sense for the Thoughtful Investor, Chapter 13 “The Most Important Thing Is…Patient Opportunism” Selectivity, Patience, Cash “…I want to…point out that there aren’t always great things to do, and sometimes we maximize our contribution by being discerning and relatively inactive. Patient opportunism […]

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