Rare Skills by Morgan Housel, 5 Traits of Young Growth Companies, Current Read
Hi readers,
This week, I’d like to share these ideas with you:
Article: Rare Skills by Morgan Housel, Collaborative Fund
Twitter thread: 5 Traits of Young Growth Companies
Current Read: Where the Money Is: Value Investing in the Digital Age
Quote I’m pondering about
Rare Skills by Morgan Housel, Collaborative Fund
3 rare and powerful skills:
Understand how people justify their beliefs in a way that makes you respect their delusions
Quitting while you’re ahead, or at least before you’ve had too much
Getting to the point
Read: Rare Skills by Morgan Housel, Collaborative Fund
Current Read: Where the Money Is: Value Investing in the Digital Age
In this book, Adam Seessel sheds light on the definition of value investing and how investors can prepare themselves to invest in the digital age.
It outlines that over the past few decades, value investing has evolved with the rise of technology and as the Global Fortune 500 companies became dominated by technology stocks.
Software companies have few tangible assets and thus, the old-school Ben Graham framework of value investing that focuses on asset-based analysis does not fit this narrative.
Read: Where the Money Is: Value Investing in the Digital Age
5 Traits of Young Growth Companies
Many people thought Amazon was doomed.
Little did they know that Bezos never cared about Wall Street in the short-term.
Today, they have become one HUGE success story.
Investing in young growth companies offers huge rewards, but it can be risky.
5 traits to look out for to increase your odds of success.
Read full thread on Twitter.
Quote I’m pondering about:
Often, we tend to avoid taking criticism because it destroys an idea (and it can hurt).
But this quote from James Clear’s newsletter, changed my perspective on criticisms.
"If an idea is true, criticism will not destroy it, but strengthen it."
That’s all for this week, take care and stay curious!
Cheers,
Tess