Coffee Can Newsletter – September, 2018

Human ingenuity and the love of making simple matters difficult – an important part of the human psyche – have always tended to make equity investing, more complicated than it ought to be. Lack of simplicity could arise from the constant wandering of mind and the resultant ego. Simplicity, on the other hand, requires three specific traits which are easy to understand, but difficult to practice – a) Discipline: the ability to say ‘no’ when something doesn’t fit your plan; b) Rigour and strength to stay focused on a singular purpose/philosophy; and c) Patience: that allows you to reap the benefits of discipline and rigour.