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Today at a Glance:
Lesson From the Book: Appreciating the Role of Luck
Tweet: How to find opportunities by using screener effectively
Quote from Howard Marks
Snippets: Key Investing Learnings from Peter Lynch
Appreciating the Role of Luck (From the Book)
The truth is, much in investing is ruled by luck. Some may prefer to call it chance or randomness.
A great deal of the success of everything we do as investors will be heavily influenced by the roll of the dice.
Someone who has enough aggressiveness at the right time doesn’t need much skill.
Investors are right (and wrong) all the time for the “wrong reason.”Someone buys a stock because he or she expects a certain development; it doesn’t occur; the market takes the stock up anyway; the investor looks good (and invariably accepts credit).
A healthy respect for risk; awareness that we don’t know what the future holds; an understanding that the best we can do is view the future as a probability distribution and invest accordingly; insistence on defensive investing; and emphasis on avoiding pitfalls. (Thoughtful Investing)
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One Tweet
One Quote
I don’t think many investment managers’ careers end because they fail to hit home runs. Rather, they end up out of the game because they strike out too often
- Howard Marks
Interesting Books Snippets shared during the Week
1. Margin Of Safety (Book)
2. This Time is different :) (Book)
3. Peter Lynch's Key Investing Learning sums up in these 2 pages (Book)