Be content to appear clueless or stupid in extraneous matters

Reading Howard Marks Letter today and reminded me a good old quote:

 

“If you wish to improve,” Epictetus once said, “be content to appear clueless or stupid in extraneous matters.”

One of the most powerful things we can do as a human being in our hyperconnected, 24/7 media world is say: “I don’t know.” Or more provocatively, “I don’t care.” Not about everything, of course – just most things.

Because most things don’t matter, and most news stories aren’t worth tracking.

 

source: https://www.oaktreecapital.com/docs/default-source/memos/expert-opinion.pdf

Where is Yuan?

I haven’t post much lately due to readings, research, and a “side attachment”. Titan is a thick book about 700 pages and a time sink, but a rather enjoyable one. I finally finished it after like 20hours of reading spread little over 3 weeks. I will give myself some time to reflect and absorb the life of J Rockefeller before I write its review. In the meantime, I picked up “common stock and uncommon profit” based on Buffett’s references, which should be a much easier and briefer reading than the previous one.

Amid of all my works, readings and writings, I looked into NASD now the FINRA and NASAA exams and licensees. It seems to me, at this point at least, the CFA and NASD series 7 exams ought to be my next near future goals as my desire to to take my financial interests onto the next level. However, S7 requires NASD sponsorship, which I am currently seeking. Free feel to refer or provide this to me.

Side attachment you ask? well let’s just say, the weather lately is cold and rainy, I wonder when the sun will shine and provide some warmth.

Recommended Book List from Rich Karlgaard

From http://www.forbes.com/free_forbes/2007/1008/031.html?feed=rss_news 

Books to Get Rich By
Rich Karlgaard 10.08.07

Theory of Capitalism

The Age of Turbulence: Adventures in a New World–by Alan Greenspan; The Black Swan: The Impact of the Highly Improbable–by Nassim Nicholas Taleb; Wealth and Poverty–by George Gilder; Prophet of Innovation: Joseph Schumpeter and Creative Destruction–by Thomas K. McCraw; On the Wealth of Nations–by P. J. O’Rourke; The Road to Serfdom— by Friedrich Hayek; Flat Tax Revolution: Using a Postcard to Abolish the IRS–by Steve Forbes; The Way the World Works–by Jude Wanniski; The Twilight of Sovereignty–by Walter Wriston.

History and Heroes

Losing My Virginity: How I’ve Survived, Had Fun, and Made a Fortune Doing Business My Way–by Richard Branson; Bowerman and the Men of Oregon: The Story of Oregon’s Legendary Coach and Nike (nyse: NKEnews people )’s Cofounder–by Kenny Moore; Bill & Dave: How Hewlett and Packard Built the World’s Greatest Company–by Michael S. Malone; Gates: How Microsoft (nasdaq: MSFTnews people )’s Mogul Reinvented an Industry and Made Himself the Richest Man in America–by Stephen Manes and Paul Andrews; Buffett: The Making of an American Capitalist–by Roger Lowenstein; Walt Disney (nyse: DISnews people ): The Triumph of the American Imagination–by Neal Gabler; The Autobiography of Benjamin Franklin–by Benjamin Franklin; The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance–by Ron Chernow; The Forgotten Man: A New History of the Great Depression–by Amity Shlaes.

How Capitalism Works Today

Microtrends: The Small Forces Behind Tomorrow’s Big Changes–by Mark Penn and E. Kinney Zalesne; The New Normal: Great Opportunities in a Time of Great Risk–by Roger McNamee; The Innovator’s Dilemma: When New Technologies Cause Great Firms to Fail–by Clayton Christensen; The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us–by Robyn Meredith; Basic Economics: A Common Sense Guide to the Economy–by Thomas Sowell.

Instructional Tips

Bull’s Eye Investing: Targeting Real Returns in a Smoke and Mirrors Market–by John Mauldin; Rule #1: The Simple Strategy for Successful Investing in Only 15 Minutes a Week!–by Phil Town; Boomtown USA: The 7 1 / 2 Keys to Big Success in Small Towns–by John M. Schultz; The Intelligent Investor–by Benjamin Graham; The Only Three Questions That Count: Investing by Knowing What Others Don’t–by Kenneth L. Fisher; The Elements of Style–by William Strunk Jr. and E. B. White; Positioning: The Battle for Your Mind–by Al Ries and Jack Trout; Guerrilla Marketing: Secrets for Making Big Profits From Your Small Business–by Jay Conrad Levinson; Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!–by Robert Kiyosaki and Sharon L. Lechter; How We Got Here: A Slightly Irreverent History of Technology and Markets–by Andy Kessler; The Art of the Start: The Time-Tested, Battle-Hardened Guide for Anyone Starting Anything–by Guy Kawasaki; Accounting Workbook for Dummies–by John A. Tracy.

Management Secrets

In Search of Excellence: Lessons From America’s Best-Run Companies–by Thomas J. Peters and Robert H. Waterman; It’s Your Ship: Management Techniques From the Best Damn Ship in the Navy–by Captain D. Michael Abrashoff; Good to Great: Why Some Companies Make the Leap … and Others Don’t–by Jim Collins.

Food for the Soul

They Call Me Coach–by John Wooden with Jack Tobin; Think and Grow Rich–by Napoleon Hill; The Fountainhead–by Ayn Rand; The Acts of the Apostles–by Luke; The Purpose-Driven Church–by Rick Warren; Move Ahead With Possibility Thinking–by Robert Schuller; The Greatest Salesman in the World–by Og Mandino; The Richest Man in Babylon–by George Clason; The Soul of a New Machine–by Tracy Kidder.

Useful Entertainment

Options: The Secret Life of Steve Jobs, a Parody–by Fake Steve Jobs; The Hypomanic Edge: The Link Between a Little Craziness and a Lot of Success in America–by John D. Gartner; Investment Biker–by Jim Rogers; All the Money in the World: How The Forbes 400 Make–and Spend–Their Fortunes–by Peter Bernstein and Annalyn Swan; Moneyball: The Art of Winning an Unfair Game