10-K Diver — Finance For Everyone (EP.101)

Infinite Loops

Podcast Notes Key Takeaways “We are deterministic thinkers living in a probabilistic world, hilarity or tragedy often ensue”– Jim O’ShaughnessyMany of 10-K Diver’sTwitter threads point out the faults in deterministic thinking by analyzing mathematics and using first principles thinking to study financial conceptsWe often ask the wrong questions – this thread is a great exampleStudying history can save you from FOMO investingIn the 1900s, there were 200 car manufacturers. Obviously, only a few survived. Knowing this context can help you slow down your decision-making before rushing into the next hyped tech stock.Always work through the numbers before ever opening your mouthIf you think you know something, write it out. You’ll more often than not realize that you’re not prepared to speak about it yet.Intuitions can lead you astray from the truth and even your actual opinion on something10-K Diver thinks Warren Buffett’s and Charlie Munger’s buy-and-hold philosophies get overgeneralized, leading to misconceptions about their actual investment strategies

Read the full notes @ podcastnotes.org

As Chamath Palihapitiya put it back in April 2021, 10-K Diver is “one of the best fintwit accounts on Twitter.” 10-K Diver loves breaking down complex financial topics and helping people understand them via engaging Twitter threads.

You can follow 10-K Diver on Twitter at https://twitter.com/10kdiver and read all his threads at https://10kdiver.com/twitter-threads/

Show Notes:

Curating aggressively
Is there a long term plan?
Reasoning from the first principles
Volatility tax
Do markets have a memory?
Financial Independence, Retire Early (FIRE)
Mental models for investing
Premeditating
Jim’s GIF game
Is it a Lindy or a turkey?
The ‘Money Concepts’ show
Benefits and pitfalls of leverage
What’s next for the 10-K diver?

Books Mentioned:

Reminiscences of a Stock Operator; by Edwin Lefèvre
Happy; by Derren Brown