Selected quotes from “How I Invest My Money” by Joshua Brown and Brian Portnoy

The reasons behind our portfolios and investment choices reveal a lot more about us than we might initially think. Half of all US mutual fund portfolio managers do not invest a cent of their own money in their funds, according to Morningstar. “How Doctors Die” showed the degree to which doctors choose different end-of-life treatments for themselves than they recommend for their patients. This book does the same for financial money managers.

“Don’t tell me what you think, tell me what you have in your portfolio.” – Nassim Nicholas Taleb.

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The Bed of Procrustes by Nassim Nicholas Taleb

The Bed of Procrustes is a short book consisting of quotes by Taleb. Unlike his other books, this book is mostly a collection of quotes. Procrustes used to stretch/amputate his guests who won’t fit on his bed. Similarly, when our minds need to reduce information, we are more likely to try to squeeze a phenomenon into the Procrustean bed of a crisp and known category (amputating the unknown), rather than suspend categorization, and make it tangible. That’s the central theme of this book.

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