Sales or investors ? #25

I read Liar’s Poker for the first time back in 2007, but after enjoying the forewords by Michael Lewis in “Where are the Customers’ Yatchs” by Fred Schwed, I got back to it again in March 2015 to refresh some good old memories.

I liked the moment at the beginning of the book where J M. Meriwether challenges J Gutfreund for 10 mio $ to which he replies “you are crazy” and JM says “no just very very good”.

When reading it, I forgot that this was written 20 years ago.

In the context of what interests me which is value investing, this book helps me remember that our environment shapes us. There are probably more people in the world with a natural talent for sales than with a natural talent for investing.

Now with still the The Snowball: Warren Buffett and the Business of Life by Alice Schroeder in mind and some insight into what happened in 1998 from the Warren Buffet angle it got me interested to learn more about J Meriwether and LTCM.


My purpose in life is independence, fulfilment and a better understanding of how the world works. Like Charlie Munger, I believe in the discipline of mastering the best that other people have ever figured out. And like Sir Isaac Newton, I believe in our ability to see further than any others before us by acknowledging that we are standing on the shoulders of giants. With this blog I hope to keep track of my learning about investing, business, decision making, entrepreneurship and self development while inspiring others to do the same. For the moment the format of this blog will be one post for each book that has influenced me, but I expect it to evolve over time. Join my Journey. John.
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