I've read all of Warren Buffett's 60 years of Berkshire Hathaway shareholder letters twice now.

It's an MBA of its own.

Here's what I learned about markets, entrepreneurship, investing and more:
Buy the dip. That's all.

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More from @ParikPatelCFA

31 Oct 20
Things I've learnt from trolling finance professionals, politicians and other individuals on twitter. A thread:
1. A lot of people in finance are very insecure and their egos bruise very easily. Many finance professionals are also incapable of second order thinking. These are some of the people we entrust our money to.
2. Many political supporters on both sides exhibit extreme cult like behavior. They vociferously attack and demean people on the other side of the political spectrum for being "stupid" and "thick".
Read 7 tweets
30 Oct 20
Things kids should be taught in schools, but aren't.

Number 1: Financial literacy. Teach kids how to save and budget using excel. Teach the basics of investing... What a share and an index fund are. Emphasise the importance of disciplined saving for retirement early on.
Number 2: How to read. Astonished schools don't teach this but it's incredibly important. How to choose and read books effectively to maximise utility gained. Show how to effectively annotate sentences and teach methods of maximising retention.
Number 3: Basic formal logic. What a valid and invalid argument looks like. What a deductive and inductive argument looks like. What various logical fallacies look like. How to cut through and break down arguments to evaluate them properly.
Read 7 tweets

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