The Schwar Report - Issue 11
Monday 28th October 2024
Welcome to this weeks edition of The Schwar Report, your weekly primer featuring three interesting reads, two thought-provoking quotes, and one actionable step to start your week on the right foot.
Three Reads to Inspire Your Week
"Noise" by Daniel Kahneman, Olivier Sibony, and Cass R. Sunsteinise
Why read it: This book explores the concept of "noise" in human judgment and decision-making. It offers insights into how random variability in professional judgments can lead to errors and unfairness, and provides strategies for reducing noise in various fields.
“Why Are We Drawn to Low Probability?" by
Why read it: This article delves into the psychological aspects of why humans are often attracted to low-probability, high-risk situations. It explores concepts like cognitive dissonance, social proof, and the illusion of control, offering valuable insights into human behavior and decision-making. A thought-provoking read for investors and anyone interested in understanding risk perception.
"US Government Wants To Break Up Google, Can It?" by
Why read it: This piece provides a comprehensive analysis of the ongoing antitrust case against Google. It examines the legal and economic arguments involved, the potential outcomes, and the broader implications for the tech industry and digital markets. An excelent read.
Two Quotes to Reflect On
"I never allow myself to have an opinion on anything that I don't know the other side's argument better than they do." — Charlie Munger
Reflection: This quote emphasises the importance of thorough research and understanding multiple perspectives before forming opinions. It encourages intellectual humility and reminds us to seek out opposing viewpoints to strengthen our own arguments and decision-making processes.
"I try to get rid of people who always confidently answer questions about which they don't have any real knowledge." — Charlie Munger
Reflection: This quote highlights the dangers of overconfidence and the importance of intellectual honesty. It reminds us to be cautious of those who claim expertise in areas where they lack genuine knowledge, and encourages us to value humility and continuous learning in ourselves and others.
One Action Step: Limit the Amount of News You Read This Week
"The constant desire to be in the know can be a form of anxiety." — Ryan Holiday
This week, challenge yourself to reduce your news consumption:
Set a daily time limit: Decide on a specific amount of time (e.g., 10 minutes) for news consumption each day.
Choose quality over quantity: Focus on a few reliable sources rather than constantly scrolling through multiple platforms.
Avoid news first thing in the morning: Start your day with a more positive or productive activity.
Notice your mood: Pay attention to how reduced news intake affects your stress levels and overall well-being.
Quick Tip: Limiting news consumption can help reduce stress, improve focus, and create more time for deeper, more meaningful learning and reflection. Remember, being well-informed doesn't necessarily mean consuming news constantly.
ICYMI
Check out our posts from the last week:
That concludes this week’s Schwar Report. As always, we’re here to keep you informed and focused on your long-term goals.
Wishing you a great week,
The S.C. Team
Disclaimer: The content provided in this newsletter is for informational purposes only and does not constitute financial, investment, or other professional advice. While we believe the information to be reliable, we cannot guarantee its accuracy. The opinions expressed are those of the author and do not necessarily reflect the views of Schwar Capital. Investing involves risk, including the possible loss of principal. Past performance is not indicative of future results. The author may or may not hold positions in the stocks or other financial instruments mentioned. Always do your own research or consult with a qualified financial advisor before making any investment decisions.