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daz / Daz B
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2024-09-03 11:06:17

daz on Nostr: I’ve read a lot of investing books, I lost count around the 60 mark… And I’ve ...

I’ve read a lot of investing books, I lost count around the 60 mark…

And I’ve got to say, one of the best books I ever read was circa 2019 for me and it was written by none other than preston (npub1s5y…6q7z)

It was called the Warren Buffet Accounting Book. It was one of the most comprehensive books to lay out a value investing framework aswell as the authors best estimate on what Discounted Cash Flow model the great investor Warren Buffet may deploy when valuing a stock.

preston (npub1s5y…6q7z) rarely talks about his books but having written a book myself, I deeply respect the hustle this gentleman has put into everything he touches. He taught me much more about myself than he taught me about investing.

It was this DCF modelling that eventually lead me to realise just how drastically overvalued EVERYTHING was and what ultimately lead me down the rabbit hole to learn about money.

Forever grateful to you sir.

Needless to say my new hurdle rate is much higher than the “risk free rate of return” I was comparing against in 2019. Onwards
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