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Showing 1-7 of 7 records
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Bubblicious

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2008-07-15 21:26:02 by Gunnar Peterson in 1 Raindrop
...Munger identified much the same themes (not all the particulars) way back in Wesco Financial's 1990 letter Granting the presence of perverse incentives, what are the operating mechanics that cause widespread bad loans (where the higher interest rates do not adequately cover increased risk of loss) under our present system? After all, the bad...
 
Tags: bad, widespread bad loans, letter, charlie munger, charlie, system, social proof, munger, volatile combination
 
 
 
 
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Assets Good Until Reached For

2008-09-15 09:41:43 by Gunnar Peterson in 1 Raindrop
 
...Munger, as he is wont to do, went a bit further (from 2004 I think a good litmus test of the mental and moral quality at any large institution [with significant derivatives exposure] would be to ask them, "Do you really understand your derivatives book?" Anyone who says yes is either crazy or lying They have many other statements in the...
 
Tags: risk management, information risk management, risk management practices, risk, assets, industry, people, business people, security industry
 
 
 
 
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Stop Me if This Sounds Familiar

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2008-11-02 22:30:30 by Gunnar Peterson in 1 Raindrop
...Munger's "Poor Charlie's Almanack" , there are so many fascinating parts in the book I can't go into them all here. Charlie Munger is Warren Buffett's partner at Berkshire Hathaway, the book is a collection of a number of his speeches, and serves as a great backdrop for today's events, an investing education, and a way to think through...
 
Tags: derivatives book, book, derivatives, derivative books, books, derivatives blowup, derivatives operations, blowup, favorite book
 
 
 
 
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The Economics of Finding and Fixing Vulnerabilities in Distributed Systems

2008-11-18 22:47:55 by Gunnar Peterson in 1 Raindrop
 
...Munger who talked him out of the pure Ben Graham approach. Charlie Munger has a saying - "a great business at a fair price beats a fair business at a great price." Where Graham was focused on price and margin of safety, Munger wants a fair price but also a high quality business. This lead to Warren Buffett's company Berkshire Hathaway...
 
Tags: information security, information, information security spends, safety information security, versus information security, information security budgets, information security budget, software security, software security space
 
 
 
 
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Information Security Reading List

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2008-05-16 17:12:39 by Gunnar Peterson in 1 Raindrop
...Munger than anything in information security literature. Pabrai is a fellow traveler on the Buffett Munger trail 2. World is Flat - ubiquitous, but the best quote on why this work matters comes from Chris Ceppi he said to me that he thinks this book does a better job at explaining federated identity than any technical work. I agree 3....
 
Tags: information security, security, information security books, books, web app security, information security literature, 21st century security, cyber security czar, software security
 
 
 
 
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Sun Is A Magic Formula Stock

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2008-06-26 18:29:33 by Gunnar Peterson in 1 Raindrop
...Munger, Greenblatt uses the concept of looking for good companies The stocks are evaluated on price via an inverse P/E calculation; and "good" companies are defined as those earning a high return on capital. Then in true value investing style (i.e. not over-complicated), Greenblatt combines the two factors using a simple 50/50 format. So all...
 
Tags: greenblatt, greenblatt list, sun, list, companies, companies based, greenblatt takes, formula, tech companies
 
 
 
 
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Innovators, Imitators and Idiots

2008-10-07 08:32:33 by Gunnar Peterson in 1 Raindrop
 
...Munger calls envy the stupidest of the seven deadly sins, because only you feel bad, there is an upside to all the others. He said you can pay someone on Wall St $2 million a year and they will be perfectly happy until they find out someone across the hall is making $2.1 million and then they will be miserable. Which is an insane way tolive
 
Tags: risk, oeprational risk, risk events, risk-reward balance, wise people, people, buffett raises, buffett, blind risk acceptance
 
 
 
 
 
Showing 1-7 of 7 records
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Sergey Zarubin, 31yo
CISSP, CCSP
Moscow, Russia