Posts filed under “Philosophy”

Resigning from the Professional Undertaking of Coin Flipping

I love this quote that manages to combine elements of Uncertainty, Existentialism and Agnosticism:


“I have resigned from the professional undertaking of coin flipping. I am not here to tell you where golds gonna be. I have no idea. That’s my existentialism. I am a student of uncertainty. I have no idea where the stock market is going to be. So when I am creating trades in my portfolio for my clients, I am agnostic. I just want to enhance the probability that I make money come what may . . . ”

-Hugh Hendry, of Eclectica Asset Management


Video clip here : Buttonwood, November 26, 2012

Full video here


Category: Investing, Philosophy

Sales Training Versus Mentoring/Industry Knowledge

Its a steamy summer Friday, I got home very late last night, so this morning’s Friday philosophy will be brief: I keep reading about graduates trying to get into Wall Street training programs. I suspect most people do not understand what this means. A brief explanatory: For the new rank and file hires at the…Read More

Category: Apprenticed Investor, Philosophy

David Foster Wallace: This is Water

In 2005, author David Foster Wallace was asked to give the commencement address to the 2005 graduating class of Kenyon College. However, the resulting speech didn’t become widely known until 3 years later, after his tragic death. It is, without a doubt, some of the best life advice we’ve ever come across, and perhaps the most simple and elegant explanation of the real value of education.

THIS IS WATER – By David Foster Wallace from The Glossary on Vimeo.

We made this video, built around an abridged version of the original audio recording, with the hopes that the core message of the speech could reach a wider audience who might not have otherwise been interested.

Category: Philosophy, Video

Steve Jobs 2005 Stanford Commencement Address

Drawing from some of the most pivotal points in his life, Steve Jobs, chief executive officer and co-founder of Apple Computer and of Pixar Animation Studios, urged graduates to pursue their dreams and see the opportunities in life’s setbacks — including death itself — at the university’s 114th Commencement on June 12, 2005.

Transcript of Steve Jobs’ address:…

Stanford University channel on YouTube:

Category: Philosophy, Video

The Cave: Plato’s Allegory in Claymation

This is a wonderful clay animation adaptation of Plato’s Allegory of the Cave, which dovetails nicely into my Decline of America piece posted yesterday. The video demonstrates simply and briefly how our decline is probable but preventable.

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Category: Philosophy, Video

America’s Inevitable, Yet Preventable, Decline

“It is no measure of health to be well-adjusted to a sick society.” ~ Jiddu Krishnamurti Much has been said on the topic of America’s rise and its inevitable, although preventable, decline. But most of what has been said or written uses empirical evidence, specifically historical observations, of the rise and fall of empires, most…Read More

Category: Philosophy, Think Tank

QOTD: 8,000 Points Later . . .

Josh calls out those who have dug their heels in and fought the tape the whole way up. Are these folks part of your daily media diet? He notes: “Some people need to reflect back on what they’ve been doing for the last 8,000 points. Others need to reconsider whom they’ve been listening to and…Read More

Category: Philosophy, Really, really bad calls

Where Is ‘the Party’ Now?

Nobody goes there anymore. It’s too crowded. ~ Yogi Berra As a philosopher-type, I like to use metaphors; they can be effective in painting an abstract picture that enables universal understanding. But metaphors can also provide a means to concrete translation for the individual. In a non-philosophical description, metaphors can be instructive and entertaining. So…Read More

Category: Philosophy, Psychology, Think Tank

Blame Politicos, Not Reinhart & Rogoff

  “A great many people think they are thinking when they are merely rearranging their prejudices.” -William James   Reinhart and Rogoff are being blamed for the damaging, widespread adaption of post-crisis austerity programs in Europe and in the United States. This reflects a fundamental misunderstanding of how political decision get made. Regardless of what…Read More

Category: Economy, Philosophy, Politics, Psychology, Really, really bad calls

Warren Buffett Explains ‘Colorful Charlie’

After a marathon question-and-answer session with shareholders, Becky Quick asks Warren Buffett to comment on some of Charlie Munger’s best lines.

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Category: Philosophy, Short Selling, Video