By Richards I.A.
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And that we certainly can’t predict the future. That means we have to find investment positions that work out even when they are based on absolute uncertainty and near complete ignorance. ” I guess they are always surprised in Hollywood by which films are box-office successes and which aren’t. Sometimes, they bet millions on a film with high expectations, only to see it flop at the box office. Then, they are surprised again when a film that they barely funded at all becomes a runaway success.
Agora series; 69) Includes index. ISBN 978-1-118-17191-2 (cloth); ISBN 978-1-118-22678-0 (ebk); ISBN 978-1-118-23990-2 (ebk); ISBN 978-1-118-26453-9 (ebk) 1. Investments, Foreign. 2. Investments. I. Title. 67'3—dc23 2012003554 For Isabel and Gabriela—the loves of my life. One of life’s greatest gifts is the gift of travel . . embrace each opportunity to do so. FOREWORD Know Where to Look Humility is the first requirement of successful investing. We have to realize that we don’t know what is going on .
The airport was old, no Jetways to the plane, bicycles still outnumbered cars, and few if any cranes were on the horizon. The ride from the airport to the city center took less than half an hour. Today, a trip into town will take at least an hour, and that’s if traffic cooperates! A note about getting around in China: There is a train that you can take from the airport, but for some unexplainable reason, you have to make a couple of changes in order to get to the city center—avoid it. Take a taxi for somewhere between $25 and $30 or take a bus for less than half of that.
How to Read a Page by Richards I.A.