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The Infant Learner

Some stuff I read this week:

A.  This week’s Special:- Bill Nygren: “Value Investing Principles and Approach”

Bill Nygren has been a manager of the Oakmark Select Fund (OAKLX) since 1996, Oakmark Fund (OAKMX) since 2000 and the Oakmark Global Select Fund (OAKWX) since 2006. He is also the Chief Investment Officer for U.S. Equities at Harris Associates, which he joined in 1983; he served as the firm’s Director of Research from 1990 to 1998.

Mr. Nygren has received many accolades during his investment career, including being named Morningstar’s Domestic-Stock Manager of the Year for 2001.

He holds an M.S. in Finance from the University of Wisconsin’s Applied Security Analysis Program (1981) and a B.S. in Accounting from the University of Minnesota (1980).

Recently, he delivered a lecture at Google Talk. Kindly access to the below link to the detailed lecture:

Bill Nygren Lecture at Google Talk

B. Entrepreneurial Diary

The Greatest Story Ever Told ( CF )
Chick Fil CEO Explains Staying Private ( IF )
Vinod Khosla: Failure Does Not Matter. Success Matters ( SU )

C. Other Stories

Dopamine effect ( FP )
Disrupt Yourself and Grow ( MC )
The Most Reclusive Investor ( FO )
Human Behavior and The Panic of 1907 ( BH )
Excerpts from Dead Companies Walking ( FP )
Short Term Luck Versus Long Term Skill ( JO )
Investors are Like Gardeners, Not Carpenters ( MA )
Farnam Street’s 2017 Annual Letter to Readers ( FS )
Dissecting Annual Reports and Fraudulent Behavior ( KS  )
Eight Common Behavioural Mistakes In A Bull Market ( MC )
3 Delusions: Paper Wealth, A Booming Economy And Bitcoin ( SA )
A Conversation with Charlie Munger and Michigan Ross – 2017 ( YT )

“I read everything: annual reports, 10k’s, 10q’s, biographies, histories, five newspapers a day. On airplanes, I read the instructions on the backs of seats. Reading is key. Reading has made me rich over time” – Warren Buffett

“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than they were when they got up and boy does that help, particularly when you have a long run ahead of you” – Charlie Munger

You have to apply yourself each day to becoming a little better. By applying yourself to the task of becoming a little better each and every day over a period of time, you will become a lot better”-  Carol Dweck