Episode · Invest Like the Best · 2017-03-14
Patrick O'Shaughnessy & James Higgins: books mentioned on Invest Like the Best #28
Trish and James Higgins of Chenmark Capital - Permanent Equity - [Invest Like the Best, EP.28]
My guests this week are Trish and James Higgins, who run Chenmark Capital Management. In this episode we continue to explore a style of investing I call Permanent Equity.
Patrick O'Shaughnessy discussed Skin in the Game by Nassim Nicholas Taleb and The Zurich Axioms by Max Gunther.
Books mentioned, in the order they came up
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Skin in the Game
Discussed“One of my favorite writers, even though he's controversial guy is Nassim Taleb and he has a new book coming out called, I think he's calling it skin in the game, which is a key idea for him. And the core idea being, you should not listen to anyone unless they have an enormous amount of skin in whatever game”
Where to get it
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The Zurich Axioms
Discussed“I came across this funny little book that someone recommended to me called the Zurich axioms about a generation of Swiss risk takers that runs very contrary to a lot of conventional wisdom about diversification and spreading your bets and being cautious. Basically preaches the opposite that you should bet really big and really smart when you find an interesting”
Where to get it
