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Some of my favorite books from 2024 (in no particular order): A Brief History of Intelligence by @maxsbennett
If you have an interest in evolution, the mind, and artificial intelligence, this one is for you. I would love to take a course based on this book
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Some of my favorite books from 2023 (in no particular order):
Outlive by @PeterAttiaMD
Changed some of my behaviors as a result of reading it
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Lots of butterflies as I prepare for my 31st consecutive year teaching Security Analysis @Columbia_Biz and @CenterDodd starting tonight. Material is better than ever and I couldn't be more excited. I found my lecture notes from 1993-pre-Internet and widespread use of PowerPoint!
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I was fortunate to spend time with Charlie Munger this summer through the generosity of John Conlin. I don’t think there’s anyone in the investing world who has had a bigger impact on my outlook than Charlie. A life well lived.
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Some of my favorite books from 2024 (in no particular order): A Brief History of Intelligence by @maxsbennett
If you have an interest in evolution, the mind, and artificial intelligence, this one is for you. I would love to take a course based on this book
Some of my favorite books from 2023 (in no particular order):
Outlive by @PeterAttiaMD
Changed some of my behaviors as a result of reading it
I was fortunate to spend time with Charlie Munger this summer through the generosity of John Conlin. I don’t think there’s anyone in the investing world who has had a bigger impact on my outlook than Charlie. A life well lived.
During the podcast with .@tferriss, I mentioned a reading list I suggested for my son (@amaub) who was taking a gap year before going to college. I have received a lot of requests for the books on that list. Alas, neither of us saved it, b…
Lots of butterflies as I prepare for my 31st consecutive year teaching Security Analysis @Columbia_Biz and @CenterDodd starting tonight. Material is better than ever and I couldn't be more excited. I found my lecture notes from 1993-pre-In…
Capital allocation is one of management's prime tasks. Today we are publishing our most comprehensive research ever on capital allocation: "Capital Allocation: Results, Analysis, and Assessment."
Attention valuation fans: we have a new report out today on return on invested capital (ROIC). It updates and extends work from 2014.
1/ Some thoughts on recent results in the stock market. If you are an investor (as opposed to a speculator) remember that you are buying partial stakes in *businesses.* Would you be comfortable owning the business for years to come if ther…
When I see people throw around EV/EBITDA multiples, I always wonder if they are aware of how much is EBIT, how much is DA, and why it matters
Like other finance professors, I did the obligatory coin toss exercise with my students @Columbia_Biz last night to demonstrate the role of randomness. One student called 9 correctly in a row. Yeah, don't bother: her fund is now closed to …
Cockpit checklist complete. Year 29 of Security Analysis @Columbia_Biz ready for takeoff. Excited and nervous as always.
Your annual reminder that there is no correlation between returns from one year to the next...
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