Zero Management Fees

Zero Management Fees

In my book, the Education of a Value Investor, I write about my difficulties in getting to a zero management fee structure for my fund. Indeed, it was only my meeting with Mohnish Pabrai, and our subsequent lunch with Warren Buffett that properly set me on that path....
I Learned about Cycling from That

I Learned about Cycling from That

The Spill It was a cool morning on my second day of cycling in Flanders. I was on a dedicated cycling path, near to Kortrijk at the epicenter of the Spring Classic cycling races. Group photo the morning of the spill I had joined some club cyclists to ride some...
With Whom I Would Invest

With Whom I Would Invest

With Whom would I Invest? If I was not investing professionally myself, who would I hire to invest for me? Here are the criteria that I would use. 1. They should be investing their own money  2. It should be their primary or sole focus  3. They should be in a position...
On Adversity

On Adversity

A number of my friends have recently been dealing with adversity, and I had a long conversation today with someone on the topic.  I promised to do a write-up of the resources that I mentioned in the call, and this is it. 1. Marcus Aurelius: This is the same dude who...