Elliot's Twitter Feed

Subscribe to the RSS Feed:
Search
Compounding the Categories
13f aaron clauset after-tax return alan greenspan alchemy of finance alexander hamilton algo algorithmic trading allan mecham all-time highs alpha alvaro guzman de lazaro mateos amazon amsc anarchy antifragile antti ilmanen apple aqr capital architecture art of stock picking asset quality review asthma atlantic city austerity barry bonds baseball behavioral economics ben bernanke best buy bill maher biotech bitcoin black swan bobby orr bridgewater bruce bueno de mesquita bruce richards bubble buttonwood CAPE capital gains capitalism caravan cash cerberus cfa charles de vaulx charlie munger checklist checklist chicago booth china chord cutting cinecitta claude shannon Clayton Christensen clean energy commodities complex adaptive system compound interest constitution content cord cutting correlation cpi craft beer credit suisse cree cris moore crisis cybersecurity Dan Geer daniel kahneman darwin david doran david laibson david mccullough david wright debt ceiling defense department deficit deleveraging disruptive innovation diversification diversity dixie chicken don johnson economic machine economist edward thorp efficiency efficient market hypothesis elke weber eni enterprise eric sanderson eric schmidt euro european union eurozone Evgeni Malkin evolution facebook fat finger federalist 15 federalist papers ferdinand de lesseps flash crash flashboys forecasting fortune's formula fragility fred wilson gambling gene sequencing general electric genomics geoeye george soros global reserve currency gold gold standard google goose island gore-tex government budget grantham greece gregory berns grid parity guy spier hamiltonian path problem hans harvard business school henry blodgett henry kaufman hft hockey horizon kinetics housing howard marks hudson hudson river hussman iarpa ichiro iex imax implied growth incyte indexation indexing innovation innovator's dilemma internet investment commentary ipad ipo islanders italy j craig venter james gleick jets jim grant jim thome jjohn maynard keynes jk rowling jochen wermuth Joe Peta joel greenblatt john doyle john gilbert john malone john maynard keynes john rundle jonah lehrer juan enriquez justin fox kelly criterion kevin douglas kodak larry david legg mason lehman brothers linkedin liquidity little feat logical fallacies long term capital management louis ck malaria Manhattan manual of ideas marc andreesen marc lasry mark mahaney media mental model Michael Mauboussin millennials minsky mnst moat money mr. market multi-discipline murray stahl myth of the rational market nasdaq: aapl NASDAQ: GOOG nassim taleb natural gas net neutrality netflix new york NGA nicholas barberis Novus oaktree optimality optimization overfitting panama canal pat lafontaine performance personal philip tetlock Pittsburgh Penguins pixar preamble price earnings ratio price to book priceline profit margins prospect theory psychology punditry radioshack random walk ray dalio rebalancing reflexivity regeneron registered investment advisor reproduction value RGA Investment Advisors RGAIA risk risk aversion rob park robert shiller robotics robust ROE s&p 500 samsung santa fe institute satellite scarcity s-curve sectoral balance silk road silvio burlesconi solar space shuttle speculation steve bartman steve jobs stock market stock picking streaming subsidy synthetic genomics systems tax code ted talk the band the general theory the information tomas hertl Trading Bases tungsten twitter undefined van morrison vincent reinhart wall street walter isaacson warren buffet warren buffett william gorgas william poundstone woody johnson wprt yosemite valley youtube
Navigation

“Compound Interest is the eighth wonder of the world.”  This quote has been attributed to both Albert Einstein and Ben Franklin, in addition to some of the brightest minds in the development of financial theory.  No one knows who said it first, but who really cares anyway?  The fact of the matter is neither finance nor investing was the core competency of these brilliant men--Einstein and Franklin--yet both recognized the powers of compounding interest and spent ample time in awe of how something so complex is actually rather simple.

The basic premise of compound interest is that an initial sum of money, growing at a given rate of interest, with the interest invested alongside that initial sum, will grow exponentially over time.  It’s in this exponential phase of growth that the benefits and beauty of compounding are truly realized, yet many never reach this phase because compound interest requires a combination of time, discipline, patience and humility.  Especially in this day and age, time and patience are scarce commodities.

With this blog I would like to accomplish several goals, each relating to the compounding of interest.  First and foremost, this is my attempt to compound the interests of my own knowledge base.  Much like with money, I think the more solid, diversified background of knowledge a person possesses, the more exponential the trajectory of growth that person’s future body of knowledge will take, given a consistent effort (aka interest reinvestment) over time. 

While investing and economics will be core focal points of this blog, I will spend ample time exploring sports, the outdoors, tech, gadgets, philosophy, politics, books, food and drink, and some of my other pleasures and interests in life.  Along the way, I hope to give myself (and anyone out there reading this blog) a little more “wordly wisdom” as Charlie Munger likes to say.

More specific to investing, I intend to spell out exactly how I will undertake my objective of compounding interest, while simultaneously tapping into new sources of knowledge in order to expand my personal capacity to strive towards this goal.  I have some ideas in mind for what paths this site will take, including write-ups on interesting investments, opinion and commentary on key events, interviews with influential thought-leaders on important topics, and highlights on some of my role-models in both investing and life.  Beyond that, just about anything is possible and only time will tell where exactly this all will go. 

I am pursuing this blog as an iterative process, and furthermore, a cathartic one.  I learned through the years that writing is an outstanding outlet for clearly spelling out one's own ideas, to engage with others, and to vent any frustrations through the clarity of patient, objective thought.  Hopefully over time there will be a certain stream of consciousness, that will carry through certain narratives and themes.  

I promise that at no point will this blog ever be a “finished product.”  It will and should always remain dynamic and be an ongoing journey of personal development as an investor and an individual.  I both welcome and encourage the active exchange of ideas on this blog and that means expressing disagreement as much as agreement.  I hope you all join me on this endeavor and enjoy the ride along the way.