The Schwar Report - Issue 13
Monday 18th November 2024
Welcome to this weeks edition of The Schwar Report, your weekly primer featuring three interesting reads, two thought-provoking quotes, and one question to ask yourself to start your week on the right foot.
Three Reads to Inspire Your Week
"What I Learned Losing a Million Dollars" by Jim Paul and Brendan Moynihan
Why read it: This book offers valuable insights into the psychological aspects of investing and risk management. By examining the author's personal experience of losing a fortune, it provides important lessons on avoiding common pitfalls in decision-making and emotional control in the world of finance.
"Becoming Berkshire: The Crash of 1970" by
Why read it: This article provides a fascinating look at the economic landscape of 1970, including the Penn Central bankruptcy and its impact on the commercial paper market. It offers valuable historical context for understanding financial crises and the role of government intervention.
"Stock Analysis Compilation #64" by
Why read it: This publication is an excellent resource for finding investment ideas. It compiles stock pitches from top hedge funds and newsletters, covering a wide range of companies across different sectors and geographies. A great starting point for further research and analysis.
Two Quotes to Reflect On
"Even the greatest stocks go through tough stretches. To endure is the price one pays for big winners." — Chris Mayer
Reflection: This quote reminds us of the importance of patience and perseverance in investing. It encourages investors to maintain a long-term perspective and not be swayed by short-term market fluctuations or temporary setbacks in individual stocks.
"I'll admit there are lots of ways to make money in markets, just as there are many different ways to make a really good pizza." — Chris Mayer
Reflection: This quote highlights the diversity of successful investment strategies. Just as there's no single "correct" way to make a great pizza, there's no one-size-fits-all approach to investing. It encourages investors to find methods that work best for their skills, knowledge, and risk tolerance.
One Question to Ask Yourself
This week, we're asking you to reflect on your investment strategy:
ICYMI
Check out our posts from the last week:
That wraps up this week’s Schwar Report. We’re here to help you stay informed and on track with your long-term goals.
Have 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.
Thanks for the shoutout!
Thank you very much for the quote !