Mark Sellers’s Speech

Back in 2007 Mark Sellers, Hedge Fund Manager of Sellers Capital delivered a speech to a group of Harvard MBA titled “So you Want to to Be The Next Warren Buffet? How’s your writing?”

I had the privileged to read the same speech over the week. I ended up reading it today. I will be sharing my insights of the speech, still I highly recommend you to read the speech in your spare time. Since the speech was big for me, I got it printed and read it over a period of 5 days. Just one page a day.

At the onset of the speech, he said that the probability of anyone becoming the greatest investor for the coming years is negligible. A probability of lower than 2%, for the bright students with MBA from Harvard. Most of them has high IQ and they may even end up reading lots of books, annual reports and magazines just like any other successful investor. However, the chances is still negligible as it is takes more than that to end up compounding at 20% or 25% over their careers.

There are ten of thousands of hedge funds, ten of thousands of mutual funds and millions of individuals trying to play stock market every day. How can you get an advantage over all these people?

Mark Seller’s speech

There is no more informational edge in today’s era. It is available to everyone of us. So what’s the moat then. It has to do more with psychology or behavioral edge.

Psychology is hard wired into our brain from a tender age of 10

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Further, he talk about seven traits which we will be discussing tomorrow. Hope, you already have the gist what kind of traits he will be talking about. Until then….