tag:blogger.com,1999:blog-8152901575140311047.post4940478532386948035..comments2024-03-28T12:49:46.624-04:00Comments on Musings on Markets: Investing and Valuation Lessons from the RenaissanceAswath Damodaranhttp://www.blogger.com/profile/12021594649672906878noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8152901575140311047.post-74402370748252628582016-08-23T07:48:57.756-04:002016-08-23T07:48:57.756-04:00When I first started learning about investing, I r...When I first started learning about investing, I reached eagerly for the words of Charles T. Munger, thinking there within will lie the splendor of secrets that lead to inevitable, vast wealth. How confused and frustrated I was all those years ago when all I found were pontifications on physics, psychology, philosophy -- a latticework of worldly wisdom that Mr. Munger encouraged everyone to build that involved almost everything EXCEPT the topics of finance and investing. Only after years of suffering slings and arrows in my adventures in investing did I look back, astonished at how right he was. Because investing is art, it is science, it is chaos, it is beautiful and it is ugly. Investing is understanding business, and understanding business is understanding humans and our desires and our flaws and all our paradoxes. Successful investing is to be at the nexus of everything, to be a renaissance man. To be patient yet to be quick yet to never be in a hurry. No wonder it is so damn hard and so rewarding when done right.Erichttp://www.incandescentcapital.comnoreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-52610168199045738182016-08-16T21:14:50.023-04:002016-08-16T21:14:50.023-04:00So true prof, thanks for reminding us to draw less...So true prof, thanks for reminding us to draw lessons from the wonders around us..warm regards Sudeep the tight fisted investorhttps://www.blogger.com/profile/11125050960770607622noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-65098489079465835582016-08-16T13:02:20.830-04:002016-08-16T13:02:20.830-04:00Brilliant analogy...lBrilliant analogy...lShriramhttps://www.blogger.com/profile/00139604277326170073noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-50001320713314127352016-08-16T10:02:41.653-04:002016-08-16T10:02:41.653-04:00I agree too...a more holistic (as great renaissanc...I agree too...a more holistic (as great renaissance master Leonardo da Vinci used to follow) approach to our financial subjects would benefit all of us. GiovanniAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-88069391787962538482016-08-16T08:57:51.942-04:002016-08-16T08:57:51.942-04:00Thanks Prof for this reminder. Faith, patience and...Thanks Prof for this reminder. Faith, patience and humility to learn from others - powerful lessons for all seasons. AMINA ADOhttps://www.blogger.com/profile/16333116554973449012noreply@blogger.comtag:blogger.com,1999:blog-8152901575140311047.post-15861934281956148752016-08-15T18:01:41.945-04:002016-08-15T18:01:41.945-04:00If you want to try reaching excellence, as you kno...If you want to try reaching excellence, as you know, you have to keep learning. But what?<br />The ones who work in the investing world could appear, at least superficially, luckier than the ones who work in the field of science: after all the financial knowledge is substantially finite, whereas the scientific one is potentially infinite (being constantly enriched by new discoveries).<br />But even investors (and even the investors wannabe) have to constantly keep learning. What? Well, maybe we should ask "by whom".<br />Personally speaking I think the hardest lessons to learn are the ones related to us and the faith we have (or we should have) in ourselves. Rarely it is too much, too often it is too low.<br />This is why we have to still keep learning, even after degrees, PhDs and decades spent on the stock market.<br /><br />Excellent article, professor. As always.Raffaele De Gennaronoreply@blogger.com