How a Doctor beat Wall Street
vanityfair.com
How a Doctor beat Wall Street
1–10 of 72 posts
Re: How a Doctor beat Wall Street
#2The article was good, but the personal life stuff was a waste of time.
The message is clear - don't be afraid to see what others are blind to.
Re: How a Doctor beat Wall Street
#3The article was good, but the personal life stuff was a waste of time. The message is clear - don't be afraid to see what others are blind to.
I don't know if I quite agree with that.
If you look at a lot of value investors / contrarians, you will see that a good number of them were exposed early on to the kinds of irrational thinking that can occur with crowds. I think these experiences make it much easier to take the approach where you go buy something that everyone else hates.
Buffett grew up when the Great Depression was still fresh in people's minds. Carl Icahn experienced prejudice for being jewish. George Soros had to hide from Nazis as a child.
Re: How a Doctor beat Wall Street
#4The article was good, but the personal life stuff was a waste of time. The message is clear - don't be afraid to see what others are blind to.
I don't know if I quite agree with that. If you look at a lot of value investors / contrarians, you will see that a good number of them were exposed early on to the kinds of irrational thinking that can occur with crowds. I think these experiences make it much easier to take the approach where you go buy something that everyone else hates. Buffett grew up when the Great Depression was still fresh in people's minds. C…
Sorry for the offtopic, but jakarta, would you mind if I ask for your email? I had a few questions regarding analyst work. (My contact is in my profile). I'd appreciate your feedback if you have some time.
Re: How a Doctor beat Wall Street
#5Earlier quoted context omitted.
I don't know if I quite agree with that. If you look at a lot of value investors / contrarians, you will see that a good number of them were exposed early on to the kinds of irrational thinking that can occur with crowds. I think these experiences make it much easier to take the approach where you go buy something that everyone else hates. Buffett grew up when the Great Depression was still fresh in people's minds. C…
Sorry for the offtopic, but jakarta, would you mind if I ask for your email? I had a few questions regarding analyst work. (My contact is in my profile). I'd appreciate your feedback if you have some time.
postalservice@gmail.com
Re: How a Doctor beat Wall Street
#6The article was good, but the personal life stuff was a waste of time. The message is clear - don't be afraid to see what others are blind to.
I agreed with you at first, but as the article progressed I think the personal life was an extremely important aspect for connecting with him. Personally I really enjoyed it.
Re: How a Doctor beat Wall Street
#7It's great that this guy has a gift but let's call what he does for what it is: exploitation. Countless pension funds and state budgets are in shambles because of people like him.
Re: How a Doctor beat Wall Street
#8I loved this article (i thought the personal bits were a good foundation to the entire story). Thanks for sharing it.
Re: How a Doctor beat Wall Street
#9It's great that this guy has a gift but let's call what he does for what it is: exploitation. Countless pension funds and state budgets are in shambles because of people like him.
Those pension funds and states should not have invested in dangerous securities. Let's face it: the money seemed easy and these guys took very dangerous investments, with money that was not safe to play with.
Re: How a Doctor beat Wall Street
#10It's great that this guy has a gift but let's call what he does for what it is: exploitation. Countless pension funds and state budgets are in shambles because of people like him.
Those pension funds and states should not have invested in dangerous securities. Let's face it: the money seemed easy and these guys took very dangerous investments, with money that was not safe to play with.
That doesn't justify what he did. The right thing to do would have been to let people know of what was happening. Just because the financial system rewards greed/selfishness does not mean people shouldn't act ethically when the consequences of their actions could mean the loss of hard earned money by honest hard working people with families, medical expenses, college loans, etc. Then again the guy has Asperger's syndrome so most of the ethics and empathy is probably lost on him.