Learn, Learn, Learn

A gazofilacio: Italian word for the store of poems you have in your head. In Clive James words, it means a treasure chamber of mind.

Of everything a person must maintain, his mind is most important, and king of all is his connection to reality. Educate yourself, and don’t rely on others to teach you. This is easier said than done. How to be a voracious learner?

Voracious leaders do devour to read multiple books, they pepper conversations with tidbits from completed courses, they take out-of-the-box approach to opportunities and risks.

With the world moving at a pace, speed of learning is important, there is a need for value and if you’re not learning you miss it.

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Be wrong; but don’t stay wrong

In Investing, you can’t know everything. But once you understand the most important basics like a target company’s financials, moat (business’ ability to maintain competitive advantages over its competitors), product-market fit, management, risks than you have enough information to make an investing decision.

happy woman in headset sitting in cockpit during helicopter tour
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“An investment in knowledge pays the best interest.” – Benjamin Franklin

Lets dissect this:

  1. Invest in the best high-growth businesses
  2. Pay up for a compounding machine
    Quality > valuation investing
    Invest when management is top notch v. Hold onto winners
  3. Be ruthless in cutting losers
  4. Be wrong; but don’t stay wrong

FEAR by Khalil Gibran

FEAR by Khalil Gibran

It is said that before entering the sea
a river trembles with fear.

She looks back at the path she has traveled,
from the peaks of the mountains,
the long winding road crossing forests and villages.

And in front of her,
she sees an ocean so vast,
that to enter
there seems nothing more than to disappear forever.

But there is no other way.
The river can not go back.

Nobody can go back.
To go back is impossible in existence.

The river needs to take the risk
of entering the ocean
because only then will fear disappear,
because that’s where the river will know
it’s not about disappearing into the ocean,
but of becoming the ocean.

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