Carlos Slim Helu And His Telecommunications
Inspired By CEO ·
Carlos Slim Helú also known as Carlos Slim is a Mexican engineer, businessman and philanthropist largely focused on the telecommunications industry. He was born in Mexico City, Mexico. His father, Julián Slim Haddad arrived in Mexico in 1902 from Lebanon and Carlos Slim’s mother, Linda Helú was born in Parral. In August 1926, Julián Slim and Linda Helú married in Mexico City and they had six children, of whom Carlos was the youngest boy. Read more
A Great Book for People Who Think Investing Is Difficult
Inspired By CEO ·
James P. O’ Shaughnessy wrote the perfect book for people who think that investing has to the risky, complex, and dangerous. It is also the perfect book for those who want to think that they can outsmart the market. This book has the academic and numerical proof that a passive or mechanical system of investing will in most cases beat a human system of investing.. . even professional investors such as fund managers. This book also explains why nine out of ten investors do not make money.
O’ Shaughnessy’s best-selling book is titled “What Works On Wall Street: A Guide to the Best Performing Investment Strategies of All Time”. O’ Shaughnessy distinguishes between two basic types of decision-making:
- The clinical or intuitive method. This method relies on knowledge, experience, and common sense.
- The quantitative or actuarial method. This method relies solely on proven relationships based on large samples of data.
O’ Shaughnessy found that most investors prefer the intuitive method of investment decision-making. In most instances, the investor who used the intuitive method was wrong or beaten by the nearly mechanical method. He quotes David Faust, author of The Limits of Scientific Reasoning, who writes, “Human judgment is far more limited than we think.” Read more
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