Joe Kusnan's Blog RSS

I am a New York area based hedge fund and private equity investor. I also participate in angel/early-stage investing and principal deals. I write about history, economics, finance, technology, education and philanthropy. Welcome to my personal blog.

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What I Am Reading (Click Here)

Favorite Posts:

What I Am Doing in the Market (An Update)

Office Hours with Warren Buffett

Do Hedge Fund Fees Matter?

Seth Klarman

What I am Doing in the Market

Charlie Munger's Last Meeting

Richard Rainwater

Sam Zell

How to Be A Really Good Client

An Endowment CIO's Perspective

Do You Want to Be a Public Pension CIO?

Customer Loyalty as an Investment Strategy

Long Term Investing and the Losers Game

How Will You Measure Your Life?

Buffett, Sokol and Greed

Investment Principles

Hedge Fund Crowding

Taking Classes at Harvard, Online

Should Hedge Funds Swing for the Fences?

Some Favorite Investment Books

Hiring a Money Manager

Signs of the Next Hedge Fund Bubble

Buffett on Hedge Fund Fees

Mutual Fund Super Party Extravaganza

Some Advice on Career Advice

Does the World Need Another Hedge Fund?"

Hedge Funds: All Reward, No Risk

Why I Write (Blog)

When there is a stock-market boom, and everyone is scrambling for common stocks, take all of your common stocks and sell them. Take the proceeds and buy conservative bonds. No doubt the stocks you sold will go higher. Pay no attention to this— just wait for the depression which will come sooner or later. When this depression— or panic— becomes a national catastrophe, sell out the bonds (perhaps at a loss) and buy back the stocks. No doubt the stocks will go still lower. Again pay no attention. Wait for the next boom. Continue to repeat this operation as long as you live, and you’ll have the pleasure of dying rich.
— Fred Schwed, Where Are the Customers’ Yachts?, p. 142.
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All original contents copyright 2013 by Joseph Kusnan and licensed under the Creative Commons Attribution 3.0 U.S. License except that which is quoted from elsewhere or attributed to others. In short, you may reproduce, reblog, and modify my content, but you must provide proper attribution.