As every year, I enjoyed watching the Berkshire Hathaway Shareholders Meeting. (Here are my live-tweets.) Here is what I learned this year: Remember that cash has option value Berkshire currently holds $125 billion in cash. They have not spend any of it this year. First, Buffett seems to be quite cautious and conservative at this…
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Unlocking the Subconscious Mind
Here is a summary of what I have learned after studying the subconscious mind in the past four months. My two primary sources were Psycho-Cybernetics and Self Mastery Through Conscious Autosuggeston, which I have read multiple times. The “Why” Most people are self-limiting. We can do way more than we believe. Even worse, most of…
A Precious Human Life
I love to contemplate the following text by The Dalai Lama. In fact, it’s hanging on my wall, so I see it every day: “Every day, think as you wake up,today I am fortunate to have woken up,I am alive I have a precious human life,I am not going to waste it,I am going to…
Why I Deactivated Tracking in MailChimp
Since starting my newsletter in 2016, I have decided to use MailChimp. A great tool that I can fully recommend. (By the way, it’s free until you reach 2000 subscribers). Without thinking, I have used the default settings ever since: Tracking Opens Tracking Clicks It seems innocent enough. Who wouldn’t want to track these things?…
Principles of Effective Content Marketing
I have a love-hate relationship with content marketing. I’ve been doing search engine optimization (SEO) since 2002, blogging since 2006, tweeting since 2007. I also co-founded one of the first influencer marketing companies in Europe in 2006. But to be honest, while getting some pieces right, all this time I had trouble to grasp the…
Keeping a Long-Term Perspective
In January, I wrote about my hopes and expectations for the new decade: “Something big will hit us. If not this decade, then one of the next. It will come out of the blue. A new vector. A bio attack, a pandemic, cyber warfare, eruption of a huge volcano. Something we won’t be expecting. Something…
12 Takeaways From Charlie Munger At The 2020 Daily Journal Annual Meeting
Charlie Munger, business partner of Warren Buffett, recently spoke at the 2020 Daily Journal Annual Meeting. You can watch the full recording here. It turned out to be a great one, full of wisdom and juicy punches. A 96 year-old with a sharp mind and snappy tongue! Takeaways: #1: Take the high road, because it’s…
16 Takeaways from Ideaweek 2020
I recently spent an amazing week at MOI Global Ideaweek 2020, a retreat for like-minded value investors and wisdom-seekers. The motto was: „A single conversation with a wise person is worth a month’s study of books.” — Chinese Proverb It was a magical, relaxed, and uplifting environment in St. Moritz. Nothing like traditional, fast-paced conferences. I…
The Four Pillars of the Good Life: Health, Wealth, Love, and Happiness
Update: I have written a short handbook about all the tools and methods that have helped me overcome my darkness. It’s available on Kindle in English (and German). [This is a talk I recently gave at Ideaweek 2020 by MOI Global.] When preparing the remarks to share with you, I was reminded of the Stanford…
Do what works
I love this principle from Charlie Munger from last year’s Berkshire Hathaway Shareholder Meeting. It’s simple, and powerful. So I thought it deserves it’s own blog post: “Figure out what works, and go do it.” Charlie Munger Do what feels good Another dimension of this principle is to listen to how you feel. Generally speaking,…