Value Ideas Blog
Some Links
Dear followers, the time has come again for our weekly link collection. This time featuring an enlightening article on management compensation, how Charlie Munger picks stocks, seven patterns of inefficiency when pricing a business, some thoughts from the Brooklyn Investor and an ‘Economist’ comment on John Nash’s nobel price 1994, in remembrance of his great life that ended three days ago. nash We will be back shortly with our latest investment story. Stay tuned and enjoy your week!
Dear followers, first of all, we want to wish happy easter to all of those who celebrate! As you know, we share some useful reading from time to time. These are some easter eggs that we think you might like:     I want to close this entry with some thoughts about chosing business partners. Here is a short quote from “The Ides of March”, a movie from 2011.  
There is only one thing that I value in this world, Steven, and that’s loyalty. And without it, you are nothing. You have no one. And in politics? It’s the only currency you can count on. That’s why I let you go. Not because you’re not good enough, not because I don’t like you. But I value trust over skill.
  I think that in business life, there are lots of situations in which you have to be certain you can rely on your peers and I have always spent time getting to know the great people I deal with. Charlie Munger found his own words for this:  
 Choose clients as you would friends.
  Some time ago, I heard a talk about by Kent Hahne, the founder of several international food chains (Vapiano, L’Osteria et al). He was very clear about the importance of shared values and friendship in business. For him, it was the ‘key ingredient’. I have to add that I absolutely agree on his thoughts. I hope that I continue to be as lucky as I have been so far when encountering partners, as loyalty is crucial for any long term business relation. Finally, we want to thank all the subscribers that have stayed with us so far. Let’s keep the discussion alive. Happy Easter!
Dear followers! Here are once again a couple of recent links out of different areas that we found interesting. And regarding the recent actions taken by the ECB, this could help maintain your confidence in stocks and bonds:  
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. – Robert G. Allen
  Have a great week!
For us, it is self-evident to share our knowledge about investing, because we have learned so much from people out there who shared their knowledge altruistically. For this reason we upload our investment theses and what we read in the process. So here are some links what we think is helpful for you and your thoughts:   A great blog with a post on the current stock market bubble:  http://csinvesting.org/2013/11/25/ding-ding-ding-the-bells-are-ringing-search/   An interesting article in The Economist on how uncertainty dulls investors: http://www.economist.com/news/finance-and-economics/21589859-how-economic-uncertainty-dulls-investment-holding-tomorrow. It is based on this scientific paper (in case you love economics): http://www.stanford.edu/~nbloom/roes_7923.pdf   read more