The Schwar Report - Issue 15
Monday 2nd December 2024
Welcome to this weeks edition of The Schwar Report, your weekly primer featuring three interesting reads, two thought-provoking quotes, and one question to ask yourself to start your week on the right foot.
Three Reads to Inspire Your Week
"Security Analysis" by Benjamin Graham and David Dodd
Why read it: This book, often referred to as the "bible of value investing," provides a comprehensive framework for analysing securities and making investment decisions. Graham and Dodd's principles of intrinsic value and margin of safety have influenced generations of investors, including Warren Buffett, and continue to be relevant in today's market environment.
"Short essay on focus, simplicity and leverage" by
Why read it: This concise piece explores the power of simplicity and focus in achieving success. It challenges the notion that more is always better and emphasises the importance of asymmetric leverage in investing and life. The article's key takeaway, "SUCCESS = simplicity + focus + asymmetric leverage," offers a thought-provoking framework for approaching both investment strategies and personal growth.
"5 Reasons to Write in Your Books" by
Why read it: This article makes a compelling case for annotating books, a practice that can enhance your reading experience and retention. Miller argues that writing in books compensates for memory loss, helps retrace your intellectual journey, facilitates conversation with the author, aids self-discovery, and adds enjoyment to reading. The piece encourages readers to engage more deeply with their books, potentially improving their learning and analytical skills.
Two Quotes to Reflect On
"Your time is limited, don't waste it living someone else's life. Don't be trapped by dogma, which is living the result of other people's thinking. Don't let the noise of other's opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition, they somehow already know what you truly want to become. Everything else is secondary." — Steve Jobs
Reflection: This powerful quote emphasises the importance of authenticity and self-trust in life and decision-making. It encourages us to listen to our inner voice and follow our passions, rather than conforming to others' expectations or societal norms. In the context of investing, this can remind us to develop our own investment philosophy and strategies, rather than blindly following trends or others' advice.
"The stock market is a device for transferring money from the impatient to the patient." — Warren Buffett
Reflection: This quote reminds us that success in the market often comes to those who can resist short-term temptations and maintain a steady course through market fluctuations.
One Question to Ask Yourself
This week, we're asking you to reflect on your reading and learning habits:
ICYMI
Check out our posts from the last week:
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That wraps up this week’s Schwar Report, we hope you enjoyed.
Have a great week,
The S.C. Team
Disclaimer: The content provided in this newsletter is for informational purposes only and does not constitute financial, investment, or other professional advice. While we believe the information to be reliable, we cannot guarantee its accuracy. The opinions expressed are those of the author and do not necessarily reflect the views of Schwar Capital. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. The author may or may not hold positions in the stocks or other financial instruments mentioned. Always do your own research or consult with a qualified financial advisor before making any investment decisions.