Productivity and timing

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I have read 2 articles that contains some sentences I want to remember. One of the articles talks about productivity (https://www.nytimes.com/2019/03/28/smarter-living/productivity-isnt-about-time-management-its-about-attention-management.html), the other one explains how the motion of the modern lives are affecting the internal clock of the individuals (http://nautil.us/issue/71/flow/why-your-brain-hates-slowpokes-rp).

Tool “Pedestrian Aggressiveness Syndrome Scale” to measure how aggressive you are in your moves.

 

 

 

Fundsmith annual shareholder meeting

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This video: https://www.youtube.com/watch?v=d3cRr318ve4 , is the annual shareholder meeting of Fundsmith. Apart of presenting the results of the year, they review a set of economic fundamentals and behaviors that are communicated in a very didactic way.

Basic strategy principles

The investment strategy has three pillars that are summed up by the acronym ODD:

  • Only invest in good companies.
  • Don’t overpay.
  • Do nothing.

“We limit it to a few sectors which have the characteristics we seek: consumer staples, some consumer discretionary products, healthcare, and technology being the main sectors.”

About Brexit: Better A Painful Ending, than An Endless Pain.

When there is not the perfect company in a sector, we pick two to look for that perfection.

Biogen

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This company has lights as shades, there are things that are convincing for the medium term, but the past performance does not convince me for the long term portfolio (buy & hold). I will start checking it to see the evolution.

AT&T Vs VZ

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Analyzing basic data from these 2 companies I did these 2 pictures that enable me to understand a little bit better their behavior. The key is to me the long term debt, where the acquisition of Timer Warner by AT&T is making the fundamentals to be eroded.

AT&T

Verizon:

 

Los 10 Mandamientos de la Gestión de Inversiones de Mohnish Pabrai

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En este podcast de Value Investing FM escuché este programa que habla de 10

https://www.ivoox.com/58-los-10-mandamientos-gestion-de-audios-mp3_rf_32416204_1.html

  1. El fondo cobra si se consigue beneficio. El programa de retribución del fondo debería tener un fijo muy bajo y
  2. No tengas un equipo de inversión (1 único gestor rodeado de muchos analistas).
  3. Acepta que te vas a equivocar al menos un 33% de las veces.
  4. Buscar empresas con PER bajo (PER=1 estrictamente).
  5. No usar nunca excel.
  6. Siempre ten una cuerda para poder escalar a lo más fondo del agujero (hay que tener siempre una carta guardada).
  7. Debes centrarte en el negocio en si, y evitar el ruido.
  8. Nunca te pongas corto en una acción.
  9. No debes apalancarte.
  10. Copia ideas que te parezcan brillantes y hayan salido bien.

 

Indicadores de empresa no cuantitativos

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Escuchando un podcast de Value Investing FM, encontré este en el que repasaban varios aspectos que son importantes en las empresas y que no son KPIs cuantitativos que aparecen en cualquier web de turno.

Son los no cuantitativos, y que van basicamente alrededor de la cultura y el equipo directivo.

  1. CEO y equipo directivo.
  2. Estrategia clara.
  3. Cumplir objetivos.
  4. Asignación del capital: dividendo, reinversión…
  5. KPIs
  6. Comunicación
  7. Como reacciona a los errores
  8. Compensación a directivos
  9. Honestidad

 

21 lecciones para el siglo XXI

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Le regalé este libro mi padre estas navidades y cuando lo ojeé me gustó bastante así que me hice con el en formato digital.

Me ha gustado mucho por la perspectiva con la que analiza las cosas especialmente interesantes los primeros capítulos. Yo lo recomiendo a todo el mundo, creo que es bastante didáctico en aspectos sociales, tecnológicos y sobre todo en como cambian los valores.

AWS Lambda, hello world

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I found some hours to dedicate to create my first Lambda function on AWS. I read a lot about it, but I had not opportunity to practice.

I followed the easy way, which means I did the use case proposed by AWS:

https://docs.aws.amazon.com/lambda/latest/dg/getting-started-create-function.html

Conclusions:

  • You have to understand very well how to manage the different components of Lambda and how to connect with the different services.
  • Right now I see a limitation, I have not seen the way yo connect with external environments or launch external calls for retreiving data and track it. This is more than likely due to lack of knowledge and time to investigate.