I haven’t found much to be read but a few links for the weekend that are of interest
Why Interest Rate Cuts Won’t Fix a Global Housing Affordability Crisis
Perks my ears up to a recent investment thesis I had
The 6 styles of leadership: where do you fit?
Coercive leadership style, which entails demanding immediate compliance.
Authoritative leadership style, which is about mobilizing people toward a vision.
Pacesetting leadership style, which involves expecting excellence and self-direction.
Affiliative leadership style, which centers around building emotional bonds.
Democratic leadership style, which involves creating consensus.
Coaching leadership style, which focuses on developing people for the future.
As I said, not much I have found for you to read this weekend but I’ve found some old readings and concepts. If you’ve hold aspirations of becoming a company director or officer, to gain experience there is nothing better than climbing the corpaorate latter or flung into those positions due to the large hedge fund assets under management allows it. For the small fries like me, I follow the “stay ready to get ready” monicker. Charlie has said it better where I follow: preparation, discipline, patience, and decisiveness.
Charlie Munger on Preparation, Discipline, Patience, and Decisiveness
Preparation
"The only way to win is to work, work, work, work, and hope to have a few insights." - Munger emphasizes the importance of diligent preparation and continuous learning.
"All I know is that I've spent a lot of time thinking about a lot of things." - Munger's success is attributed to his extensive research and deep understanding of various subjects.
Discipline
"The most important thing is to not be too stupid." - Munger suggests that discipline is essential to avoid making costly mistakes.
"The key is to have a few ideas that are so simple they are almost ridiculous." - Munger believes that discipline is necessary to stick to a few well-understood concepts.
Patience
"The biggest risk is not taking any risk." - Munger recognizes the importance of patience, but also warns against excessive caution.
"We're not looking for the next big thing, we're looking for the next big durable thing." - Munger emphasizes the need for patience when investing in companies with long-term potential.
Decisiveness
"Opportunity meeting the prepared mind: that's the game." - Munger suggests that decisiveness is crucial when the right opportunity arises.
"The only way to win is to work, work, work, work, and hope to have a few insights. And then when you get them, act with decisiveness." - Munger connects decisiveness to the importance of preparation.