This is partly why I think your book is quite unique. I learned in University all of those things to then learn they are worth almost nothing for investing, and that people learn those things to sell these services. I find the financial landscape just utterly incorrectly structured, but I'm still unsure why, though things such as these contribute their fair bit.
Thanks Giuliano. It's incorrectly structured because the wrong incentives are in place. As Munger said, "show me the incentive, I'll show you the outcome." But that's fine, because for the people who get it, there's less competition.
Nicely articulated, succinct message. Using the term " collector" encourages the reader to consider his or her business investments as held for the long run.
This is partly why I think your book is quite unique. I learned in University all of those things to then learn they are worth almost nothing for investing, and that people learn those things to sell these services. I find the financial landscape just utterly incorrectly structured, but I'm still unsure why, though things such as these contribute their fair bit.
Thank you for sharing Geoff and best of luck!
Thanks Giuliano. It's incorrectly structured because the wrong incentives are in place. As Munger said, "show me the incentive, I'll show you the outcome." But that's fine, because for the people who get it, there's less competition.
Nicely articulated, succinct message. Using the term " collector" encourages the reader to consider his or her business investments as held for the long run.
excellent post!