Chuck Akre Value Investing Conference Talk: ‘An Investor’s Odyssey: The Search for Outstanding Investments’

An Investor’s Odyssey: The Search for Outstanding Investments


Profound Advices

  1. Be true to yourself (live life you way)
  2. Meditate (at least 5 to 10 minutes / day)
  1. don’t forget to share love (don’t be selfish)
  2. You manage it as if it feels right for you.
  3. Never give up when you know you are right
  4. don’t do anything what you really don’t understand.
  5. The best time to learn anything is now when are facing it.
  6. Investing: It’s not about the money, it is about the Money.
  7. You always live to fight another day. You never go all in. You have to keep your reputation, it’s a life time business.(Preserve your reputation)
  8. Don’t follow convenstional wisdom, always question conventional wisdome
  9. Do things you enjoy
  10. Life is Too short for a warm beer. If you don’t like what you are doing look for a cool beer
  11. Find the smartest people you can, shutdown and listen to them speak

What I am Reading Today

A Hidden Cost Called Rented Suit Liability (Safal Niveshak)

Warren Buffett explained the idea of long-tail hidden costs in his 1985 annual letter 

A man was traveling abroad when he received a call from his sister informing him that their father had died unexpectedly. It was physically impossible for the brother to get back home for the funeral, but he told his sister to take care of the funeral arrangements and to send the bill to him. After returning home he received a bill for several thousand dollars, which he promptly paid. The following month another bill came along for $ 15, and he paid that too. Another month followed, with a similar bill. When, in the next month, a third bill for $15 was presented, he called his sister to ask what was going on. “Oh”, she said. “I forgot to tell you. We buried Dad in a rented suit.


People vs. Companies (Morgan Housel)

Every business has three main stakeholders: Investors, employees, and customers.

Investors are easy to please, Mackey said. They just want to stock to go up.

Customers want good products at good prices with good service. Hard but simple.

Employees are another story. Their needs are endlessly complicated.

“If you don’t pay them enough they’re unhappy. If you pay them more, they’re still unhappy if they lack opportunities to advance. If you pay them a lot and give them opportunities, they still may hate their boss,” he said. Or their coworkers. Or their commute. Or they get tired of doing the same thing. Glimpses of satisfaction followed by a gravitational pull towards wanting something else.“


Save Yourself

Ultimately, you have to take responsibility. 

Two Important Decisions of your Life

You are the combination of the five people with whom you spend most of your time, so be prudent in choosing with whome you spend most of your time.

The most important decision in any one’s life is choosing whom to marry and the people with who you are going to work with.

Because most of our life time we spend with the person we married and with the people we work with.

Always work with people you admire the most and don’t choose a job just because you get a little more money.

Similarly it makes no sense to just marry for money and it’s even higher mistake if choose to marry just for money, if you are already rich.

It’s very important for you to always surround yourself with people who are smarter than you, you will be a much improved person.

Have a great Day.

Value Tribes, is 150 Of The Best Investing Blogs On The Planet (2018)

Dear Friends,

I am very happy to share this good news with my tribe of knowledge hungry folks.

With your support we are part of 150 of the best investing blogs on the planet.

150 Of The Best Investing Blogs On The Planet (2018)

I sincerely thank you all for achieving this feet.

Going ahead, we are planning to increase the quality of content and delight you.

Keep Supporting Value Tribes and wish you all the success.


Here’s are the quote’s I’m thinking about —

“I Think therefore I am”– Descarates  The Fundamental  truth

What is Love? “Love is the quality of attention we pay to things, attention is the rarest and the purest form of generosity”

 “The information we consume matters just as much as the food we put in our body. It affects our thinking, our behavior, how we understand our place in the world. And how we understand others.” — Evan Williams (Complement with The Pot Belly of Ignorance)