What is a Variant Perception?

Michael Steinhardt, in his book No Bull: My Life In and Out of Markets, defines "variant perception": I defined variant perception as holding a well-founded view that was meaningfully different from the market consensus... Understanding market expectation was at least as important as, and often different from, the fundamental knowledge. Having a variant perception, a well … Continue reading What is a Variant Perception?

“One of the best rules anybody can learn about investing…”

"One of the best rules anybody can learn about investing is to do nothing, absolutely nothing unless there is something to do." - Jim Rogers I have to remind myself about this frequently. I have a tendency to want to be seen as "active" and "doing stuff". Many great investors talk about the importance of doing … Continue reading “One of the best rules anybody can learn about investing…”