Investing in the Classics

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Author: Mike Darmiento

The short essays on this website from were composed my undergraduate years, where I pursued a degree in philosophy and participated in investment clubs. As an avid reader, I found the connections between classical texts and the principles of value investing to be ubiquitous. As Klarman writes, “Investing is the intersection of economics and psychology.” Many of the psychological elements inherent to investing are not privy to investing, rather they have been taken from the philosophical canon and applied to financial markets; these concepts include prudence, skepticism, cognitive biases, randomness, and crowd psychology, among many others.

In these essays, I hoped to illuminate and expound on these connections. Investors will likely find none of the conclusions I made to be revolutionary, nor was that my intention. My aim was to trace modern investment principles to their roots in the philosophical intellectual tradition and to demonstrate how investors today can still learn from these classical authors and texts. Disclaimer: these essays represent a dilettantish understanding and often cavalier – if not hubristic – attitude especially commonplace to undergraduate philosophy students…

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