Source: Image from the film “Sully”
No one has ever trained for an incident like that.
– Captain Chesley “Sully” Sullenberger (Sully, 2016)
I watched the film Sully, recently. It’s a story about something that happened in USA, why should it really matter to us? After watching the film I realise how much we underrate the importance of the infrastructure that is around us. In direct relation to the film, The safety board, the aviation unions, the emergency services, the ATC crew, the flight crew. The image, sourced from the film, attests to the fact that it does take a collective effort to make things work smoothly. Continue reading
Only entropy comes easy.
– Anton Chekhov
Have we ever wondered why things rust? I mean apart from the chemical process permanently changing metals, rust is quite a fascinating phenomenon. For investors like us, rust comes in the form of two things, inflation & cost of capital. For the physical world, rust is still the chemical process where metal corrodes as it ages. As investors, what we fear though is a threat of moral corrosion than a physical one. More on that later. Continue reading
“The only way to win is to work, work, work & hope to have a few insights.”
– Charlie Munger
Insights are incredibly rare. I know that this insight itself is going to be lost on many of us. It was certainly lost on me for a while. I follow 200+ people on twitter & if at least 10% of them share some unique reading material everyday, that means I need to read at least 20 new things, each day. Well, great way to learn about the world, but is it something that I want to learn, today? Continue reading
Does staying fit help in anyway to become a good investor?
I was listening to a very honest interview, with Mikael Syding, a former hedge fund manager from Sweden. What struck me the most about this interview, were not just his thoughts on investing but also about fitness. Continue reading
The Truth can be adjusted
– Michael Clayton (2007)
Lately, I have been spending a lot of time reading business biographies. I have always been enamoured by the ability of some investors to weave stories and narratives out of historical facts. Continue reading