The Schwar Report - Issue 17
Monday 16th 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
“Thinking in Bets" by Annie Duke
Why read it: This book explores how to make better decisions in an uncertain world by embracing probability and evaluating outcomes objectively. Duke's insights from her poker career offer valuable lessons for investors and decision-makers in all fields.
"The Berkshire Beat: December 13, 2024" by
Why read it: Kingswell's "The Berkshire Beat" is indeed a great recurring feature that provides valuable insights into Warren Buffett, Berkshire Hathaway, and timeless investment lessons. The December 13, 2024 edition offers a fascinating look at one of Buffett's early investments, the Sanborn Map Company, which exemplifies his ability to uncover hidden value.
"ToffCap's Monday Monitor #38" by
Why read it: This regular overview of event-driven trades and special situations provides useful insights for investors. It covers topics like spin-offs, strategic alternatives, buybacks, insider purchases, and M&A activities, offering potential investment ideas and highlighting market trends.
Two Quotes to Reflect On
"The biggest risk of all is not taking one." — Mellody Hobson
Reflection: This quote challenges us to consider the potential costs of inaction. In investing and in life, avoiding all risks can lead to missed opportunities and stagnation. It encourages us to thoughtfully consider and take calculated risks.
"I'm only rich because I know when I'm wrong…I basically have survived by recognising my mistakes." — George Soros
Reflection: This quote emphasises the importance of self-awareness and adaptability in investing. Soros attributes his success not to always being right, but to his ability to recognise and learn from his mistakes. It highlights the value of humility and continuous learning in the investment world.
One Question to Ask Yourself
This week, we’re asking you to consider your investment philosophy:
ICYMI
Check out our posts from the last week:
That’s all for 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.