Through chances various, through all vicissitudes, we make our way. –Aeneid
Proverbs 3: 13-19—
Happy he who has found wisdom,
and the man who has acquired understanding;
for wisdom is more profitable than silver,
and the gain she bring is better than gold.
She is more precious than red coral,
and all your jewels are no match for her.
Long life is in her right hand, in her left hand are riches and honour.
Her ways are pleasant ways and all her paths lead to prosperity.
She is a staff of life to all who grasp her,
and those who hold her fast are safe.
Of Interest for Investors
Help improve your thinking (Thanks to a reader!)
From Santangel’s Review:
Greenlight 4th Qtr. Letter: http://www.scribd.com/doc/78654907/Greenlight-Q4
Howard Mark’s Oak Tree Letter: http://www.scribd.com/doc/78886373/Oak-Tree
Video of Scoggin Capital: http://www.bloomberg.com/video/84562522/ Beware underfunded pensions.
Value Investing Conference: https://www.skagenfunds.com/Ask-us/New-Years-Conference-2012-Copenhagen/ (Posted previously)
January 24, 2012 (Chicago)
Commercial Real Estate Conference
February 10, 2012 (NYC)
David Einhorn, Bruce Berkowitz, David Winters
April 19, 2012 (London)
James Montier and others
May 6-7, 2012 (Omaha)
All work and no play
Get started early like these kids: http://www.youtube.com/watch?v=O_sb-GbmEr0 or http://www.youtube.com/watch?v=ggG8fsuGnhY&feature=related
Keep working on your readings; don’t let the emotional stress get to you: http://www.youtube.com/watch?v=poS3b2P71w0