Do you have a framework for life? For Investing? For love or at least getting some lovin’. While the guy who posed the first part of that question may have been more interested in how I answered than what I said, all I could think was, great question, I must have an answer for that.

Keep your friends close, and your enemies closer. Sun-tzu Art of War. (~400 BC)
You learn nothing by assuming someone with a different opinion to you is wrong. If you invert your thinking and assume you are wrong then you may gain worthwhile insights. D Morel 2011 and no doubt thousands before me.
Frank Curzio on S&A Investor Radio is my current favourite pod caster. On my bike ride today it felt good to hear him express a similar idea that link those quotes. You learn little from talking to like minded people whereas …

The following advice is offered with Matrix Composites & Engineering Limited (MCE) owners in mind, but it applies to all value investors who are holding on to fully valued companies.
I offer this unsolicited advice as I believe there are a number of new “value” investors who are sitting on substantial gains in MCE and my view is they should book those gains and move on.

Is there a margin of safety at the current level? I think not, the only way to get see a decent MoS is to use a …

From the perspective of mean reversion, fat tails help to create some of the best opportunities. That is to say, fat tails often create fat pitches.

Sectors in my portfolio and predictions.

“The stock market is a no-called-strike game. You don’t have to swing at everything–you can wait for your pitch.”

Is Biota being manipulated by evil trading bots wielding their retail investor devouring trading algorithms.

My dear mother always used to say “if you have nothing nice to say then don’t say anything”. I often struggle to abide by her fine suggestion and often fall back on calling a spade a spade.
I said talking about your trades is not a good idea. Now Derek Sivers advises keeping your goals to yourself. Check out the TED video below, it’s only three minutes long. In summary simply by telling people your goals then your brain gets a satisfaction almost as good as actually achieving your goal and your motivation to achieve …

If you like your glass half full then don’t watch this video. If you’re long equities, Japan or Europe then do watch it.

For those who prefer the written word here is a good summary of the interview Kyle Bass: Betting on bonds not stocks

What did Madoff and Stanford teach us…you can keep a ridiculous Ponzi going for a long time as long as you have one thing…new money coming in.
Japan is spending more than twice what they bring in.  They are already at the Keynesian endpoint.
The Japanese government bond is one …

I know there at least a few readers who are business owners, so this great TED presentation by Simon Sinek goes out to them. But hey, even if you’re not a business owner this is a great video to watch and think about. Yes it’s an oldie, but it is a goodie.
Simon Sinek has a simple but powerful model for inspirational leadership all starting with a golden circle and the question “Why?”