#Investment

Most of Us Are Speculators Pretending Otherwise

Reading Notes · The Intelligent Investor — Part 1

Graham's opening three chapters redefine what 'investment' actually means — and the answer is more demanding than most of us want to hear.

The Investor Who Knows What They Are

Reading Notes · The Intelligent Investor — Part 2

Graham's chapters 4-7 draw a hard line between defensive and aggressive investors — and warn that the dangerous position is thinking you're one when you're really the other.

Mr. Market Is Your Servant, Not Your Master

Reading Notes · The Intelligent Investor — Part 3

On Graham's most powerful parable, why price volatility is opportunity not risk, and what most people get wrong about funds and advisors.

The Number on the Page Is Not What You Think It Is

Reading Notes · The Intelligent Investor — Part 4

Graham's analytical framework for chapters 11–15: why EPS deceives, what seven criteria actually screen for, and how enterprising investors hunt for bargains.

The Architecture of Patient Capital

Reading Notes · The Intelligent Investor — Full Book Synthesis

A full-book synthesis of Graham's Intelligent Investor — what the three pillars of his philosophy mean together, and what ordinary investors should actually do with them.

Margin of Safety Is Not a Number

Reading Notes · The Intelligent Investor — Part 5

Graham's final chapters on convertibles, cautionary cases, and the investment philosophy that outlives every bull market.

The Abominable No-Man Who Made Warren Buffett Better

Reading Notes · Poor Charlie's Almanack — Part 1

Reading notes on Poor Charlie's Almanack Part 1 — Munger's biography, his investment partnership record, and what it means to age without illusions.

The Hammer and the Lattice

Reading Notes · Poor Charlie's Almanack — Part 2

Charlie Munger's latticework of mental models isn't self-help advice — it's a precise argument for why single-discipline thinkers are epistemically doomed.

Twenty-Five Ways Your Brain Is Lying to You

Reading Notes · Poor Charlie's Almanack — Part 5

Munger's masterwork lecture on human misjudgment, the financial scandals he predicted, and what a 79-year-old genius told law graduates about living well.

The Architecture of a Rational Mind

Reading Notes · Poor Charlie's Almanack — Full Book Synthesis

A full-book synthesis of Poor Charlie's Almanack — how mental models, psychology of misjudgment, and investment practice form one self-consistent system.

Charlie Munger Will Tell You Exactly What He Thinks

Reading Notes · Poor Charlie's Almanack — Part 3

Reading Notes on Poor Charlie's Almanack Part 3: Munger's extemporaneous talks on investing, Wall Street, management, and the art of not being an idiot.

Think Backwards, Then Think Broadly

Reading Notes · Poor Charlie's Almanack — Part 4

Six lectures that form the intellectual core of Poor Charlie's Almanack — inverse thinking, mental models, and why narrow specialists are dangerous.

Restrained Greed: What Munger's Early Wesco Letters Taught Me

Reading Notes · The Way of Munger — Part 1

Reading notes on Charlie Munger's 1987–1995 Wesco Financial shareholder meeting speeches — on the S&L crisis, acquisition discipline, and the art of knowing what you don't know.

When the Newspaper Died, the Philosopher Spoke Freely

Reading Notes · The Way of Munger — Part 4

Reading notes on The Way of Munger Part 4 — how losing a monopoly gave Charlie Munger a new stage for his most candid thinking.

The Man Who Wouldn't Drink the Kool-Aid: Reading Notes · The Way of Munger — Part 2

Reading Notes · The Way of Munger — Part 2

How Munger navigated the dot-com bubble from 1996 to 2002 — not by predicting its collapse, but by understanding why he had no business being in it.

Nothing Left to Lose

Reading Notes · The Way of Munger — Part 5

Reading Notes · The Way of Munger — Part 5: Charlie Munger's 2019–2022 Daily Journal remarks, where a man approaching 100 had nothing left to prove and everything left to say.

The Years He Was Right and Nobody Listened

Reading Notes · The Way of Munger — Part 3

Munger's Wesco Financial years 2003–2010: derivatives warnings nobody heeded, the BYD bet, and the quiet end of a 35-year run.

Thirty-Five Years Without a Retraction

Reading Notes · The Way of Munger — Full Book Synthesis

A synthesis of Charlie Munger's complete shareholder meeting remarks (1987–2022): what stayed constant, what evolved, and what it all adds up to.

Before the Market Can Work

The Four Foundations of Lasting Prosperity

William Bernstein's four conditions for lasting prosperity, and what their presence or degradation means for long-term investors.

Before There Was Money, There Was Interest

Reading Toshihiko Itaya's *World Financial History* as an investor — on bubbles, broken risk models, and the shared illusions that underpin every market.