How To Read Financial News

• Charlie Munger says a prerequisite to having an opinion is stating the opposite side’s view as well as they can.
• no matter what you believe you can find a well-designed blog that agrees with you, and confirmation is more comfortable than opposition.
• Reading stuff you disagree with is not natural. You have to force yourself into it. But even that’s not good enough, because the most attractive opposing views are written by idiots, amateurs, quacks, and salesmen. They’re the easiest to shoot down, allowing yourself to say, “Ah-ha, the other side is wrong and therefore I am right.”
• Investing is not the study of finance. It’s teh study of how humans behave with money.
• As a writer, you add the most value acknowledging that you don’t know your reader. As a reader, you gain the most by remembering that the writer has no idea who you are.