Anil Profile picture
Jan 25 17 tweets 6 min read
Few people have had such intimate and sustained access to the best investors of our time than @williamgreen72.

Richer, Wiser, Happier distills the most actionable and insightful lessons we can apply to our own investing styles.

This thread profiles some of these giants.
1. Howard Marks (@HowardMarksBook)

“The world is changing all the time, unpredictably, at incredible speed.

We cannot expect to control our environment. We have to expect and go with change.”
Talks at Google: "Mastering the Market Cycle"
(2018)

2. Mohnish Pabrai (@MohnishPabrai)

“The difference between successful and really successful people is that really successful people say no to almost everything.”
@TIP_Network #347: "Value Investing In 2021"
(May 2021)

theinvestorspodcast.com/episodes/value…
3. Joel Greenblatt

“Figure out what something is worth and pay a lot less.”
Talks at Google: "The Little Book that Beats the Market"
(2017)

4. Tom Gayner

"If you want the secret to great success, it’s just to make each day a little better than the day before.”
The Investor's Podcast #332: "Long-Term Investing"
(Jan 2021)

5. Matthew McLennan

"Businesses that were robust today won’t be robust in the future.. Uncertainty is intrinsic to the system.”
Value Investing Live: "Prudence in a Disconnected World"
(Jan 2021)

6. Nick Sleep

“It’s all about deferred gratification..all the mistakes you make in life, private or professional, it's almost always because you reached for some short-term fix.."
Insights from the Nomad Investor Letters (2001-2014)

7. Laura Geritz

“I like to go where others aren’t going..
The more you go out into the world, the more you see the patterns.”
Barrons: "Globe-Trotting in Pursuit of Index-Beating Returns"
(Oct 2017)

barrons.com/articles/globe…
8. Bill Miller (@B3_MillerValue)

“Whether it’s good, bad, indifferent, fair, unfair, you can choose the attitude you take to it.”
A Meeting of Great Minds: Bill Miller and William Green
(Sept 2021)

millervalue.com/a-meeting-of-g…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Anil

Anil Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @anilsaidso

Jan 18
The Fiat Standard by @saifedean lays out the extraordinary operations of the fiat system. This thread is a quote summary of Chapter 3: Fiat Technology.

“At its essence, the Fiat Standard destroys savings and planning for the future in order to operate a payments network.”
"between 1914 and 1971, the global monetary system gradually and messily moved from the gold standard to the fiat standard. Governments effectively took over the banking sector everywhere, or the banking sector took over governments."
"the fiat standard was born out of the need for governments to manage their de facto default on their gold obligations. It was not consciously designed to optimize the user experience of currency, transactions, and banking."
Read 34 tweets
Dec 21, 2021
Getting a lot of questions about the nomenclature in #Bitcoin . Here's an attempt to break down some common words you might hear.

Starting with differentiating between these 3 things.
🧵
bitcoin (lowercase) is the digitally-scarce unit of account used by the Bitcoin (uppercase) network.
the Bitcoin network is made up of connected nodes all over the world following the same protocol.
Read 10 tweets
Nov 7, 2021
What has happened in Houston is incredibly sad.

I spent 5 years working in crowd safety management for large-scale music festivals.

I don't know the specifics of the situation. But here are some of the critical factors we’d assess when planning major shows.
Barricades are used to reduce and re-direct crowd pressure.

The most widely used are Mojo barriers (interlocking aluminum panels below).

Barrier layout depends on the event and capacity, but the designs most common are ‘D-brricades’ and ’T-barricades’.
D-barricades create a protected pit area directly in front of stage. This ensures crowd surges cannot transfer all the way to the front.

Often the wilder fans will camp out in the D. This gives security a controlled and clearly defined area. We would intentionally underfill it.
Read 23 tweets
Oct 21, 2021
I've now made about 1,000 infographics/visuals to explain #Bitcoin over the last few years.

Based on feedback, here are the ones that are most effective for teaching others.

THREAD.
What we consider 'money' evolves over time.
All global reserve currencies have a shelf life.
Read 20 tweets
Sep 23, 2021
The Circle of Competence:

Antonie Walker scored more than 15,000 points across 13 seasons in the NBA. 3 x All-Star, 1 x Championship.

Total career earnings: $108,000,000

Shortly after retirement Walker filed for bankruptcy.

🧵
“A friend in Chicago created a real estate company, and I became a part of it..

We got caught in the [crash] of 2007-2008 and borrowed a lot of money through banks. I was the personal guarantor.”
-Antonie Walker
A single, highly-leveraged venture, in a field completely unrelated to basketball, ultimately undid a decade of sweat and sacrifice.

He was operating well outside of his circle of competence.

Walker now spends part of his time on improving financial literacy among pro-athletes.
Read 8 tweets
Aug 23, 2021
Here’s all of my book summaries in one thread.
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(