The Schwar Report - Issue 16
Monday 9th 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
"Stress Test: Reflections on Financial Crises" by Timothy F. Geithner
Why read it: This memoir by former U.S. Treasury Secretary Timothy Geithner provides an insider's account of the 2008 financial crisis. It offers insights into the decision-making processes during one of the most tumultuous periods in modern economic history, making it essential reading for those interested in finance, economics, and public policy.
"How Guy Spier Uses Checklists to Make Better Investment Decisions" by
Why read it: This article delves into Guy Spier's approach to using checklists in investment decision-making. By exploring Spier's methods, readers can gain valuable tools to enhance their own investment strategies and decision-making processes.
"Thinking in Layers: Peeling Back the Surface for Deeper Insights" by
Why read it: This article explores the concept of layered thinking and its importance in decision-making. It emphasises the need to go beyond surface-level information and uncover deeper truths in investing, problem-solving, and understanding the world around us.
Two Quotes to Reflect On
"The fragile wants tranquillity, the antifragile grows from disorder, and the robust doesn't care too much." — Nassim Taleb
Reflection: This quote highlights the importance of resilience and adaptability in investing and life. It suggests that truly successful systems or individuals don't just withstand chaos but actually benefit from it.
"I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do." — Charlie Munger
Reflection: This quote emphasises the importance of thorough research and understanding multiple perspectives before forming an opinion. In investing, this approach can lead to more informed decisions and help avoid blind spots or biases. It encourages investors to critically examine their own assumptions and seek out contrary viewpoints.
One Question to Ask Yourself
This week, we're asking you to reflect on your cognitive flaws:
ICYMI
Check out our posts from the last week:
That’s all for this week’s Schwar Report, we hope you enjoyed.
Have a productive 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.
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