Amazon’s shareholder letter for 2017 isn’t out yet, but it will be soon, and if you haven’t been a regular reader of Amazon’s letters, it might be worth looking out for it. Even if you’re not an Amazon investor or fan, these yearly letters are fascinating. The classic letter (and the most famous one) is […]
Jeff Bezos
The 2-Minute Thought: The Best Way for Individual Investors to Compete
Individual investors often forget that active investment is a competition. It is you against the person on the other side of the trade. If you are buying, you should always be thinking about what the seller knows that you don’t. Michael Mauboussin and his colleagues Dan Callahan and Darius Majd at Credit Suisse wrote as […]
The 2-Minute Thought: The wrong way to think about money
The right way to think about money is to focus on opportunity costs. That’s how Duke University behavioral economist Dan Ariely opened an interview late last year. That means that we should think clearly about all the possible alternatives we are giving up as a result of spending money on something. Of course that is […]
