Letter on investing

Tags: Financial @ 2012/04/04

In 2007 I wrote a blog post on investing. During the last five years, my view evolved a bit. People often ask me how to get a financial education. This is the latest email I sent on the topic.

From: Bolognese, Luca

Sent: 04 April 2012 16:52

To: XXX

Subject: RE: A financial education

Disclaimer: this are just my personal opinions drawn from my 10+ years of investing, reading books and academic papers about it. I can justify most statements below with some academic reference, but that would make this email too long.

Also someone else might read the same material and come up with a different opinion. It is a field that is probabilistic in nature and doesn’t lend itself to certainties. For example, you can make a lot of money out of an investment and still be wrong to have made it. And conversely.

Our brains don’t work well in such fields.

Cheers,

.luca