As usual superb....If i have to write this essay in one line it would be "most of the territory in each domain can be covered through a low single-digit number"
Great piece as usual Anand. Just an observation though.
Although Graham was a freak of nature (freaker than even Munger and Buffett in my view), he was clear from the get go that his framework should not require very high intelligence. It was more of an analytical framework that a person with average IQ could deploy. Buffett and Munger's framework on the other hand is high on critical thinking. Requires a lot of hard work with a proportionate pay off.
You're spot on. On both Graham being freakest and on Graham explicitly tailoring his method for everyone to practice. Buffett's mentioned a few times on how Graham wanted his methods to be 'teachable' and abhorred anything he considered an unfair advantage (including needing Graham-level talent to practice a method). Downside is that his formulae get more attention than his principles, which are timeless.
As usual superb....If i have to write this essay in one line it would be "most of the territory in each domain can be covered through a low single-digit number"
Great piece as usual Anand. Just an observation though.
Although Graham was a freak of nature (freaker than even Munger and Buffett in my view), he was clear from the get go that his framework should not require very high intelligence. It was more of an analytical framework that a person with average IQ could deploy. Buffett and Munger's framework on the other hand is high on critical thinking. Requires a lot of hard work with a proportionate pay off.
You're spot on. On both Graham being freakest and on Graham explicitly tailoring his method for everyone to practice. Buffett's mentioned a few times on how Graham wanted his methods to be 'teachable' and abhorred anything he considered an unfair advantage (including needing Graham-level talent to practice a method). Downside is that his formulae get more attention than his principles, which are timeless.
That's very true...thanks for the reply Anand...
I would love to know your Rushmore yardstick for learning about indian businesses
if this yardstick is applied, how will anybody read you
if this yardstick is applied, how will anybody read you
Exactly why I ask you to stop reading mid-way through essay
hmmm. i guess i didnt reach there :). but hey, great writing by the way.