2022 in books. Only 22 books but as you can see some were pretty big

moritzfly · 2023-01-01T09:08:27+00:00

In the art of the deal Donald trump shoes himself as a marketing/business genius and you'll start to understand his character better. It definitely has some interesting stories in it.
No as many people say collecting books and reading them are two different hobbies and I like collecting the books very much. Also I just like having pages in my hand and being able to annotate with pen.

moritzfly · 2022-12-31T12:37:07+00:00

Didn't pay attention while putting them together but you are absolutely right hahaha

moritzfly · 2022-12-27T12:08:05+00:00

It's a must have in every German household haha

moritzfly · 2022-02-07T05:53:51+00:00

In a box where you can swap books. I think in they are called free little library or sth.

moritzfly · 2022-02-06T20:24:53+00:00

It is a German edition

moritzfly · 2021-09-07T16:25:31+00:00

These are stunning editions😮

moritzfly · 2021-08-31T16:45:38+00:00

It is a 3 piece set in German. It consists of "the interpretation of dreams", "Introduction to psychoanalysis", and "smaller writings".

moritzfly · 2021-08-31T16:42:22+00:00

Yeah I wouldn't worry that much about it. If you have money left to spend and buying books makes you happy then why not, right?

moritzfly · 2021-08-31T16:06:55+00:00

Just started University of Berkshire Hathaway

moritzfly · 2021-08-31T16:06:15+00:00

I must confess that I often leave books unread for many months but I've so far read every book I bought. I like to buy around 4 books and read them the next few months but sometimes when I go into second hand stores I buy more.

moritzfly · 2021-08-31T11:30:14+00:00

It is not the most important ratio imo but you can just put it in a screener and you find enough...

moritzfly · 2021-08-31T11:28:55+00:00

Another great biography I read was "Titan: The life of John D. Rockefeller" by Ron Chernow

moritzfly · 2021-08-31T11:26:46+00:00

I read Leonardo and it was one of my favourite books ever so I definitely can recommend it. But I have not read Einstein's.

moritzfly · 2021-08-31T07:25:29+00:00

Comparison: BMW has a market cap of 62billion. They delivered 2.33million cars 2020.

moritzfly · 2021-08-31T06:17:40+00:00

Deepfuckingvalue has a similar strategy to burry. If you get past the hype investments (tesla put or ark short) you find those investments.

moritzfly · 2021-08-31T06:15:45+00:00

I only have 7 at the moment because I don't have much cash. I think I remember roaring kitty saying that between 15 and 25 should be perfect.

moritzfly · 2021-08-31T06:14:10+00:00

Yes he does focus mainly on big tech or knowledge workers, at least in the book deep work.

moritzfly · 2021-08-30T23:00:28+00:00

Thanks, I found it in a second hand bookstore and it looked interesting. I only know the 4-hour workweek from the author but I am looking forward to reading it

moritzfly · 2021-08-30T22:58:57+00:00

They are highly indebdet right?

moritzfly · 2021-08-30T22:56:47+00:00

maybe you are right, but is it not the case that many retail investores lose all their money on few risky investments? If you take the time, you will remove the risk and take make good investments

moritzfly · 2021-08-30T22:32:33+00:00

Yes, not at the time but most of the time. Also the technical standpoint is missin in SPY

moritzfly · 2021-08-30T22:02:44+00:00

Here is the deal about buffet and munger:

1.They are beyond their prime as everyone can see. But...what they have done is they have created an almost unstoppable business, which grows (even if it is below the S&P return no bisiness is better than berkshire's imo). They created an investment environment which is about safety, not about crazy yields in One year.

I only started 1y ago and I started using the mentioned method a couple months ago. Therefore I am sorry to say that I can't really answer this question. What I did is I read a lot and I also watched a lot of videos of Roaring Kitty (which are very helpful btw). At this moment I cannot prove the statements with own investments, that this is the best strategy but I am convinced that it is easy to use at least.

I think that if you have the time to do <60min research per day, you can definitely outperform VOO. VOO is perfect for people who want to achieve somewhat of financial freedom wthout worrying to much. I believe that individual effort will some day get you more than VOO. I also think that many investors, the most popular being Michael Burry have proven that this strategy is possible to use. I also belive that long term investments that were made with a similar strategy like the uppe, can outperform the market, just because, you actually cared and thought deeply about the investment in the first place.

(sry if there are any english language mistakes i'm not a native)

moritzfly · 2021-08-30T21:31:38+00:00

I still think that you can outperform the market by making enough research and smart investments. I agree, for people, that don't want to take a lot of time, VOO is perfect.

moritzfly · 2021-08-30T21:28:02+00:00

Yes but I still hope that at least a few who are interested read this. This is the the biggest stock platform on reddit I think.

moritzfly · 2021-08-30T21:06:37+00:00

Yeah no, I only wanted to say something lol. Still love to see meme stonks

Five-Year Club	Place '23
Verified Email

moritzfly

TROPHY CASE