I just finished taking the Level 1 CFA exam this weekend. I wasn't as prepared as I would like, but we'll see what 3 weeks of study can accomplish. I'm hoping to take the next week off and slowly decompress a bit from the continual run of activity from GMO in January, throughout this entire semester, and concluding with CFA prep. There are a lot of things on my to-do list, but mostly I want to just absorb new information, digest and do some independant thinking. I was restless the other night, thinking about some possible tweaks to financial theory dealing with asset leverage versus personal leverage. I hadn't done much synthesis or creation in a while, and the past year has been heavy on memorization and recall. Things I want to explore:
- Finish "The Focus Investor"
- "More Than You Know" as well as other writings by Mauboussin. I absolutely love his mind.
- Finish "Of Permanent Value" as well as all of the original source Berkshire annual letters. I need to dissect and completely understand Buffett's thinking and motivations behind past acquisitions for the upcoming trip.
- Catchup on Value Investor Insight reading. I think I'm behind on 4-5 issues already.
- Finish Damodoran's valuation webcasts.
I like that word because it means: sit down on your ass until you do it.
-- Charlie Munger