Thanks for this anand.. this was a very thoughtful piece and it really made me think..
I live in dubai and work as a banker.. leaving my comfortable job for an analyst role would need a huge pay cut.. and hence not going that route..
I’ve embraced my online tutors and working on my skills and processes by myself.. sometimes it gets frustrating, sometimes feels like a lost cause.. but every time it’s the puzzle of cracking 15% Pa compounding for the next 20 yrs that gets me back..
It’s the challenge of the game and I’ve found it to excite me , challenge me and intrigue me .. so here I am , at it ..
And looking forward to the journey ahead.. fortunately , authors like yourself have served as great reminders for the value system to live with .. thanks for that !!
This article to me reinforces what I learnt from Daniel Dennett's book about competence vs comprehension. By learning the algorithm without understanding (basic arithmetic) the why or how it works (aka) imitating, we gain competence, later as we slowly assimilate what we memorized or rote-learned, we slowly begin to comprehend & internalize the why or how. In today's world, where comprehension is over-rated in the modern day schools (where students are told to understand first than memorize), I believe, the old school rote-learning / imitating really works. The sanskrit scholars say that this is how the earlier day learning practices were, memorize a lot first without understanding and then gradually the meanings dawn to you over time. Its how cows graze over the meadows, they just pick up as much grass as they can while grazing and then chew their cud. If I were told to first understand the thousand names of vishnu instead of memorizing the names in the form of shlokas, i would have never have gone near them. By memorizing them first, atleast I can understand the meanings of many of the names each time something related to that name comes up.
Brilliant as usual, but it ignores a very important aspect of learning from imitation. Every child is born with something which is very different from not only any random individual but even from his siblings.
It is that " something" which governs how and how much that child absorbs from his surroundings and from actions within his surroundings. A peer who might have joined Nalanda at the same time as you, might not have the same learnings as you. I think this aspect of learning is the primary reason, why you see many siblings poles apart in their behaviour, learnings , personalities and even their academic or otherwise success.
What would your advice be to a young team of three just starting (5+ yrs of investing history, but I'd still say just starting) to position themselves to handle big investible money? Still lost on the process, still lost in quarterly results every quarter, still lost in daily news impacting their decisions. Is it reading all companies in depth, just as Buffett says, going from those starting with A all the way to Z? How do we, as a team, cover such a large publicly listed universe?
Thanks for this anand.. this was a very thoughtful piece and it really made me think..
I live in dubai and work as a banker.. leaving my comfortable job for an analyst role would need a huge pay cut.. and hence not going that route..
I’ve embraced my online tutors and working on my skills and processes by myself.. sometimes it gets frustrating, sometimes feels like a lost cause.. but every time it’s the puzzle of cracking 15% Pa compounding for the next 20 yrs that gets me back..
It’s the challenge of the game and I’ve found it to excite me , challenge me and intrigue me .. so here I am , at it ..
And looking forward to the journey ahead.. fortunately , authors like yourself have served as great reminders for the value system to live with .. thanks for that !!
fantastic! this really resonated with me. thanks for sharing.
This article to me reinforces what I learnt from Daniel Dennett's book about competence vs comprehension. By learning the algorithm without understanding (basic arithmetic) the why or how it works (aka) imitating, we gain competence, later as we slowly assimilate what we memorized or rote-learned, we slowly begin to comprehend & internalize the why or how. In today's world, where comprehension is over-rated in the modern day schools (where students are told to understand first than memorize), I believe, the old school rote-learning / imitating really works. The sanskrit scholars say that this is how the earlier day learning practices were, memorize a lot first without understanding and then gradually the meanings dawn to you over time. Its how cows graze over the meadows, they just pick up as much grass as they can while grazing and then chew their cud. If I were told to first understand the thousand names of vishnu instead of memorizing the names in the form of shlokas, i would have never have gone near them. By memorizing them first, atleast I can understand the meanings of many of the names each time something related to that name comes up.
Brilliant as usual, but it ignores a very important aspect of learning from imitation. Every child is born with something which is very different from not only any random individual but even from his siblings.
It is that " something" which governs how and how much that child absorbs from his surroundings and from actions within his surroundings. A peer who might have joined Nalanda at the same time as you, might not have the same learnings as you. I think this aspect of learning is the primary reason, why you see many siblings poles apart in their behaviour, learnings , personalities and even their academic or otherwise success.
What would your advice be to a young team of three just starting (5+ yrs of investing history, but I'd still say just starting) to position themselves to handle big investible money? Still lost on the process, still lost in quarterly results every quarter, still lost in daily news impacting their decisions. Is it reading all companies in depth, just as Buffett says, going from those starting with A all the way to Z? How do we, as a team, cover such a large publicly listed universe?
Many thanks Anand for sharing your thoughts. How we as kids learnt, our kids learn and re-internalising same is very helpful. Many thanks.