#008 Charlie Munger on Flashy Investments

#008 Charlie Munger on Flashy Investments

Today's quote comes from the book Damn Right! by Janet Lowe [https://www.amazon.com/Damn-Right-Berkshire-Hathaway-Billionaire/dp/0471446912/]. If you'd prefer the newsletter version (which is much shorter), you can sign up for our Rational Investor Newsletter [https://ashbydaniels.com/] here.   Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products, or services. There can be no guarantees or assurances that the views expressed here will be applicable to any particular facts or circumstances and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “podcast episode” (including all books, articles, podcasts, or any other information referenced within) reflects the personal opinions, viewpoints, and analyses of Ashby Daniels alone, and may not reflect the views of anyone else. AI was used to help produce the script for this episode. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Any charts, graphs, data, and analysis provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Investments in securities involve the risk of loss.

#007 Michael Mauboussin on Hindsight Bias

Today's quote comes from the book Think Twice by Michael Mauboussin [https://www.amazon.com/Think-Twice-Harnessing-Power-Counterintuition/dp/1422187381/].  If you'd prefer the newsletter version (which is much shorter), you can sign up for our Rational Investor Newsletter [https://ashbydaniels.com/] here.   Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products, or services. There can be no guarantees or assurances that the views expressed here will be applicable to any particular facts or circumstances and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “podcast episode” (including all books, articles, podcasts, or any other information referenced within) reflects the personal opinions, viewpoints, and analyses of Ashby Daniels alone, and may not reflect the views of anyone else. AI was used to help produce the script for this episode. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Any charts, graphs, data, and analysis provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Investments in securities involve the risk of loss.

#006 Nick Sleep on the Value of Time

Today's quote comes from the Nomad Investment Partnership Letters [https://igyfoundation.org.uk/wp-content/uploads/2021/03/Full_Collection_Nomad_Letters_.pdf] by Nick Sleep (and Qais Zakaria). If you'd prefer the newsletter version (which is much shorter), you can sign up for our Rational Investor Newsletter [https://ashbydaniels.com/] here.   Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products, or services. There can be no guarantees or assurances that the views expressed here will be applicable to any particular facts or circumstances and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “podcast episode” (including all books, articles, podcasts, or any other information referenced within) reflects the personal opinions, viewpoints, and analyses of Ashby Daniels alone, and may not reflect the views of anyone else. AI was used to help produce the script for this episode. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Any charts, graphs, data, and analysis provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Investments in securities involve the risk of loss.

#005 Francois Rochon on "It Never Feels Like a Good Time to Invest"

Today's quote comes from the 2023 Giverny Capital Investor Letter [https://givernycapital.com/wp-content/uploads/2024/04/giverny-capital-annual-letter-2023.pdf] by Francois Rochon. If you'd prefer the newsletter version (which is much shorter), you can sign up for our Rational Investor Newsletter [https://ashbydaniels.com/] here.   Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products, or services. There can be no guarantees or assurances that the views expressed here will be applicable to any particular facts or circumstances and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “podcast episode” (including all books, articles, podcasts, or any other information referenced within) reflects the personal opinions, viewpoints, and analyses of Ashby Daniels alone, and may not reflect the views of anyone else. AI was used to help produce the script for this episode. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Any charts, graphs, data, and analysis provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Investments in securities involve the risk of loss.

#004 Steven Johnson on Unexpected Progress

Today's quote comes from How We Got to Now by Steven Johnson [https://www.amazon.com/dp/1594632960/]. If you'd prefer the newsletter version (which is much shorter), you can sign up for our Rational Investor Newsletter [https://ashbydaniels.com/] here.   Disclosures: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products, or services. There can be no guarantees or assurances that the views expressed here will be applicable to any particular facts or circumstances and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “podcast episode” (including all books, articles, podcasts, or any other information referenced within) reflects the personal opinions, viewpoints, and analyses of Ashby Daniels alone, and may not reflect the views of anyone else. AI was used to help produce the script for this episode. References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Any charts, graphs, data, and analysis provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Investments in securities involve the risk of loss.