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:
Credit Suisse on merging fundamental and quantitative analysis: The article starts with a Kasparov Quote: “Weak human + machine + superior process was greater than a strong computer and, remarkably, greater than a strong human + machine with an inferior process.” Download Link: http://cdn1.valuewalk.com/wp-content/uploads/2014/09/document-1038113391.pdf
Finally, to complete the list and for the matter of variety, a talk at Google:
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!
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