Asking the Right Questions
Charlie Munger: Sage Advice from a True Great!
They say behind every great man is a great woman. Well sometimes behind a great man is an equally great man. In the investment world, such is the case with Warren Buffett and his business partner Charlie Munger, Chairman and Vice-Chairman of Berkshire Hathaway Corporation…
Adding a dynamic allocation that can adapt to the changing environment
As I think about the outlook for the global economy and financial markets in the year ahead I can’t help but bring it back to a sporting context, in my case football. In preparation for every football match a manager sets out his team…
Thoughts on Decision Making
“Life is a sum of all your choices” Albert Camus (French Philosopher) Decision making permeates our lives. At a personal level we make decisions on a daily basis in our social interactions. As well, the decisions of others, translated into their actions, can have…
The 80/20 Rule: Applied to Liverpool FC
In 1941, management consultant Dr. Joseph M. Juran made his observation of the “vital few and trivial many” whereby 80% of the effects is driven by 20% of the causes. (Apparently, in later years, Juran preferred “the vital few and the useful many” to…
Is Herbalife (NYSE:HLF) a Pyramid Scheme?
“[T]he organization is deemed a pyramid scheme if the participants obtain their monetary benefits primarily from recruitment rather than the sale of goods and services to consumers”. Peter J Vander Nat; William W Keep The legendary hedge fund manager Bill Ackman, founder of Pershing…
