One day in 1996, a Wall Street trader named Nassim Nicholas Taleb went to see Victor Niederhoffer. Victor Niederhoffer was one of the most successful money managers in the country. He lived and worked …
A Quarter Century of Emerging-Markets Investing (Mark Mobius)
At one time or another, every country could have been classified as “emerging.” Back in the 1800s, the Western part of the United States was called the “new frontier.” Investors purchasing farmland …
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What is the “Warren Buffett of Europe” Up To? (CFA Institute)
Every first quarter of the year, the Spanish firm Bestinver Asset Management holds its annual meeting with investors. This year, the meeting had to be postponed until 16 April (from 4 March) because …
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Born Bulls and Dot-Com 2.0 (Seth Klarman)
In the face of mixed economic data and at a critical inflection point in Federal Reserve policy, the stock market, heading into 2014, resembles a Rorschach test. What investors see in the inkblots …
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16 Rules for Investment Success (Sir John Templeton)
I can sum up my message by reminding you of Will Rogers’ famous advice: “Don’t gamble,” he said.“Buy some good stock. Hold it till it goes up…and then sell it. If it doesn’t go up, don’t buy it!” …
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Getting Comfortable With Volatility (Mark Mobius)
Over the past few weeks, we've seen significant volatility in the markets, which has spooked some investors, but is also something we have become accustomed to. Markets generally (not only emerging …
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The Definitive Guide to Saturated Fat (Mark Sisson)
Almost anyone can agree with the basic tenets [of healthy living] – eating more vegetables, choosing only clean, organic meats, and getting plenty of sleep and exercise is fairly acceptable to the …
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Sugar Highs and Lows: the Impact of Diet on Cognitive Function (Michael Joyner)
In Western society, the prevalence of a hypercaloric diet consisting of a high sugar intake and highly processed foods coincided with an exponential rise in diabetes and metabolic syndrome as well as …
The Value of Seth Klarman (Institutional Investor’s Alpha)
Beaten-down markets have been a boon for Baupost, which has become the sixth-largest hedge fund in the United States and a force to be reckoned with. Seth Klarman, president and portfolio manager of …
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Spreading His Wings (Institutional Investor)
In the late 1990s, Nassim Taleb had a radical new idea for an investment strategy: He wanted to start a hedge fund designed to lose money when the market went up. The appeal would be that the fund …
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A Modern History of Investment Booms (Marc Faber)
The feature most common to previous investment booms was that a bull market in one asset class was accompanied by a bear market in another important asset class. Precious metals soared in the 1970s, …
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20 Lessons from the Financial Crisis of 2008 (Seth Klarman)
One might have expected that the near-death experience of most investors in 2008 would generate valuable lessons for the future. We all know about the “depression mentality” of our parents and …
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“Buying Panic” And Investments Nobody Is Talking About (Jim Rogers)
A great interview with Jim Rogers, a truly international investor. In 1973, George Soros and Jim Rogers both founded the Quantum Fund. During the following 10 years, the portfolio gained 4200% while …
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Financial Chaos (Sir John Templeton)
Sometimes you find a rare gem between the many unpublished notes and memo's left behind by a legendary investor. Written in June '05, before the unraveling of an avalanche of bad mortgage debt, Sir …
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The Discipline of Buy and Sell Decisions (Mark Mobius)
The thought of giving up a once-treasured possession can be an emotional exercise for anyone, even if the object of affection has outlived its use. As investors, we can find it difficult to sell a …
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My Most Fundamental Principles (Ray Dalio)
Principles are concepts that can be applied over and over again in similar circumstances, as distinct from narrow answers to very specific questions. Principles are ways of successfully dealing with …
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The Disciples of Jesús Huerta de Soto
He enjoys a sweet moment. Several books by Jesús Huerta de Soto were translated to fourteen languages and they just gave him his third honorary doctorate. His teachings took root in Spain, but …
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The Pretense of Knowledge (Friedrich Hayek)
The particular occasion of this lecture, combined with the chief practical problem which economists have to face today, have made the choice of its topic almost inevitable. …
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