Thursday, July 19, 2007
Miller on Investing
Legendary investor Bill Miller has some sound advice on the art of investing. Must read. My favourite nugget, ""There ain't only three things to investing. Knowing the 60/40 end of a proposition, money management, and knowing yourself." As an aside, why is that many of the legendary investors were also philosophy students or enthusiasts, examples- George Soros, Ben Graham, Carl Ichan, Charlie Munger along with Bill Miller. Is it because study of philosophy enables people to gain some special insight about the way the world operates? Who says Philosophy does not pay.