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To: Spekulatius who wrote (43483)7/21/2011 2:19:33 PM
From: Jurgis Bekepuris  Respond to of 78659
 
Taleb is crap.

Message 26723660



To: Spekulatius who wrote (43483)7/21/2011 4:18:31 PM
From: Ken Ludwig  Read Replies (2) | Respond to of 78659
 
I agree though Jurgis does not -to put it mildly. To be aware of the vast danger of what you don't know is a very useful thing as is knowing that people invest in herds.Benoit Mandlebrot's The (Mis) Behavior of Markets is another good read.

My advice, worth what it costs,is read everything, read widely, read constantly like Charlie Munger (hell, read Charlie Munger!) and, when you have an idea about an investment that seems compelling invest in it. Real money.
The only thing I think is true about successful investors is that they/we figure out what works for them/us, change when the times change and never stop learning and being wary. Now, if I'd only listen to myself more often.