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Steve

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Posts posted by Steve

  1.  

    I'm particular fond of the business management software companies that offer tax solutions-  INTU, BCOR -  these companies have the scalable advantages of the software companies (IP), huge barriers to entry, user switching costs, and high margins.

     

    -Steve

     

     

  2. [amazonsearch]The War of Art[/amazonsearch]

     

    I highly recommend reading "the War of Art" by Steven Pressfield ....(not to be confused with "the Art of War")....

     

    One of the best books I've read in years.... it's a very quick and easy read... finished it in 2.5 hours.... couldn't put it down... highly recommend! 

     

    -Steve

  3.  

    There's a Poker special on Bloomberg TV tonight (10/23) - 9pm eastern:

     

    Players:

    David Einhorn (Greenlight Capital), Steve Kuhn (Pine River Investments),  John Rogers (Ariel Investments), Jim Chanos (Kynikos Associates),  Mario Gabelli (Gabelli Asset Management), and Bill Perkins (Skylar Capital)

     

     

    http://www.businessinsider.com/david-einhorn-faces-bill-perkins-poker-2013-10

     

    -Steve

  4. "Markets are inefficient because of human nature - innate, deep-rooted, permanent. People don't consciously choose to invest with emotion - they simply can't help it."

     

    "So if the entire country became securities analysts, memorized Benjamin Graham's Intelligent Investor and regularly attended Warren Buffett's shareholder meetings, most people would, nevertheless, find themselves irresistibly drawn to hot initial public offerings, momentum strategies and investment fads...People would, in short, still be attracted to short-term, get rich quick schemes." - Seth Klarman

     

     

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