OYENTE

Thelma

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Favorite fantasy series- most hated narrator.

Total
4 out of 5 stars
Ejecución
1 out of 5 stars
Historia
5 out of 5 stars

Revisado: 10-04-23

I feel like this is a crime against fucking literature. The series is some of the best written fantasy of all time and this idiot narrator makes it sound like drivel. I want to cry it’s so bad given how much I love the writing. Who tf approved this voice? He clearly does not give a shit

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Alex told me to write this

Total
5 out of 5 stars
Ejecución
5 out of 5 stars
Historia
5 out of 5 stars

Revisado: 03-16-23

I finally listened after my fifth time reading the book. Much of my successs has come from blowing people out of the water with actual transformative solutions instead of pussyfooting around with what I thought I was worth. Hugely recommend, follow the steps.

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YouTube is your best friend.

Total
4 out of 5 stars
Ejecución
2 out of 5 stars
Historia
5 out of 5 stars

Revisado: 12-24-21

He uses big words seemingly just to flex his vocabulary, but it is exhaustive of terms and principles that are served well with a deep dive into youtube for extra, more simple explanation.

General summary -

Endowments look at immortality.
To do so, it must provide stable spending for the university, compensate for inflation, lower risk, and gain excess returns compared to market performance.

Lowering risk comes from diversity of asset classes and finding top 25%-10% managers to work in inefficient markets, like private equity. Different asset classes include commodities which hedge well against inflation, bonds, which provide stability in years when stocks are down, stocks which provide highest levels of long term returns, foreign currencies which also hedge to inflation. Another way to hedge risk is to purchase future locked in prices to balance against market fluctuation. Another memorable way to prevent risk is thru financial maneuvers like futures and shorts and options, which lock in a trade under a certain condition so you don’t lose excess money. A great way to provide steady returns is thru something yale pioneered called “absolute returns” which are independent of markets, like merger arbitrage. Importantly, policy based decisions and constant rebalancing lowers risk the most. A single bad decision can rank a firm and policy decisions prevent this from happening, while enabling compound interest to do its work.

While fundamental market forces will
Play out in the long run, short term trends may be damaging enough to end a firm, like GME, and it is important to not be over concentrated into a single security.

For management, consequently, this means that sometimes good performance is a result of the market and vice versa. If the manager is producing with sound investment principles, retain them. Otherwise, we see luck, as evidenced by investment charlatans decades and globes over.

Regarding management, anything below 50% in terms of performance on a bell graph with standard distribution, is likely to lose money. Indeed the top 25% make 3% above the market and the top 10% make 30% above the market on average. A good manager may face a bad market and vice versa, so it’s important to judge over a long period and not lake hasty decisions.

If you don’t have a good manager, passive investment is best.

And finally, in the appendix, corporate bonds and junk bonds and asset backed securities are horrid and do not belong in a portfolio. Low credibility and low diversity.

Bummer- this book doesn’t talk about crypto. Curious to see his thoughts on the subject

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Pioneering Portfolio Management Audiolibro Por David F. Swensen arte de portada
  • Pioneering Portfolio Management
  • An Unconventional Approach to Institutional Investment, Fully Revised and Updated
  • De: David F. Swensen
  • Narrado por: Scott R. Pollak

YouTube is your best friend.

Total
4 out of 5 stars
Ejecución
2 out of 5 stars
Historia
5 out of 5 stars

Revisado: 12-24-21

He uses big words seemingly just to flex his vocabulary, but it is exhaustive of terms and principles that are served well with a deep dive into youtube for extra, more simple explanation.

General summary -

Endowments look at immortality.
To do so, it must provide stable spending for the university, compensate for inflation, lower risk, and gain excess returns compared to market performance.

Lowering risk comes from diversity of asset classes and finding top 25%-10% managers to work in inefficient markets, like private equity. Different asset classes include commodities which hedge well against inflation, bonds, which provide stability in years when stocks are down, stocks which provide highest levels of long term returns, foreign currencies which also hedge to inflation. Another way to hedge risk is to purchase future locked in prices to balance against market fluctuation. Another memorable way to prevent risk is thru financial maneuvers like futures and shorts and options, which lock in a trade under a certain condition so you don’t lose excess money. A great way to provide steady returns is thru something yale pioneered called “absolute returns” which are independent of markets, like merger arbitrage. Importantly, policy based decisions and constant rebalancing lowers risk the most. A single bad decision can rank a firm and policy decisions prevent this from happening, while enabling compound interest to do its work.

While fundamental market forces will
Play out in the long run, short term trends may be damaging enough to end a firm, like GME, and it is important to not be over concentrated into a single security.

For management, consequently, this means that sometimes good performance is a result of the market and vice versa. If the manager is producing with sound investment principles, retain them. Otherwise, we see luck, as evidenced by investment charlatans decades and globes over.

Regarding management, anything below 50% in terms of performance on a bell graph with standard distribution, is likely to lose money. Indeed the top 25% make 3% above the market and the top 10% make 30% above the market on average. A good manager may face a bad market and vice versa, so it’s important to judge over a long period and not lake hasty decisions.

If you don’t have a good manager, passive investment is best.

And finally, in the appendix, corporate bonds and junk bonds and asset backed securities are horrid and do not belong in a portfolio. Low credibility and low diversity.

Bummer- this book doesn’t talk about crypto. Curious to see his thoughts on the subject

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Great climax

Total
5 out of 5 stars
Ejecución
5 out of 5 stars
Historia
5 out of 5 stars

Revisado: 10-31-19

A book I must read again. Josh paints all his lessons very well thru the course of his life and then really well brought together by the climax of his life(thus far)

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1st book I read at normal speed

Total
5 out of 5 stars
Ejecución
5 out of 5 stars
Historia
5 out of 5 stars

Revisado: 09-15-19

I’m not the biggest fan of Amanda’s music, but this book made me cry a LOT. Mostly happy tears. I usually listen to books at hella speed, but not only was this book innovative in having actual songs, Amanda’s perforamnce is the best of any audio book I’ve found and I wanted to savor every syllable. Also, I don’t feel guilty for being an artist anymore. Fuck you dad

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