In a year like this, I reflected on the past and tried to take comfort in life's many vicissitudes. This is my journey in books for 2020.

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My books in 2020

In my mind, 2020 qualifies as one of the most unprecedented, interesting, and insightful years of my life. From the reflections of the great stoic Marcus Aurelius to the 1929 stock market crash to the life and principles of Andrew Carnegie from the gilded age, these books helped me navigate the year and put life into perspective. There is no doubt in my mind that 2020 has been one of the most educational…


This week I cover Milton Friedman, Chuck Feeney, Sri Lanka’s 2019 e-commerce landscape, Nicholas Sleep and more!

Has Business Left Milton Friedman Behind?

“Despite social responsibility being in vogue among C.E.O.s, and the voices of those — like myself — who have encouraged business leaders to be more empathetic, there remains an inconvenient truth for everyone seeking a more cuddly version of capitalism: If a company isn’t making profits for shareholders, it is very hard to take care of its other constituents.”

https://www.nytimes.com/2020/09/11/business/dealbook/milton-friedman-anniversary-sorkin-essay.html

Milton Friedman’s libertarian economics influenced presidents and inspired “greed is good.” So what did Friedman get right…


I cover culture at Netflix, psychological denial, Charlie Munger on the pandemic, Apple and the fall of Exxon told through the history of the S&P index, and more!

Hey,

Sorry for the hiatus, here’s a recap of some of the most interesting articles I read in September, 2020.

From Quyn Capital

What does it mean to deploy capital during these uncertain & unprecedented times? How should I think about real risk (loss of permanent capital) versus fear (irrational over-pessimism)?

I answered these questions and more in my memo: Living through history

Interesting reads

No Rules Rules: Netflix and the Culture of Reinvention

“By picking this…


A letter to my partners over what has been an extraordinary year.

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“Yet if we confine our attention to American investment experience, there is some comfort to be gleaned from the last 57 years. Through all their vicissitudes and casualties, as earthshaking as they were unforeseen, it remained true that sound investment principles produced generally sound results. We must act on the assumption that they will continue to do so.” — Ben Graham, 1972, The Intelligent Investor

Introduction

Over the past couple of months I wrote 2 memos, Sri Lanka is for sale! I am buying and Living through history, which…


This week I cover economic bubbles, deteriorating shopping malls, the culture at In-N-Out, and more.

Hey,

Here’s my latest on interesting articles, blog posts, and more on the economy, business, investing, and other subjects I found interesting over the last 2 weeks.

From Quyn Capital

“A simple rule inspired by Warren Buffett guides my philosophy and curiosity in business and investing: Be fearful when others are greedy, and be greedy when others are fearful.”

Sri Lanka is for sale! I am buying

Interesting reads

Bubble-hunting has become more art than science

“Upon being sucked into investing during the South Sea Bubble, Sir Isaac Newton…


Hey there,

Here is the first edition of the Quyn Capital Newsletter —where I’ll be reposting interesting articles, my blog posts, memos, books reviews, and more on the economy, business, investing, and other subjects I find interesting.

The point of this newsletter is to help me arrange and bookmark interesting articles I read each week that I would like to share. …


As Sri Lanka (and much of the rest of the world) completely halted its economy, I found it difficult to navigate between risk and the important but unknowable.

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The choices most governments faced around the world (Source: The Economist, April 2020)

What does it mean to deploy capital during these uncertain & unprecedented times? How should I think about real risk (loss of permanent capital) versus fear (irrational over-pessimism)?

Rather than make forecasts about unprecedented events, I decided to read about the Great Crash of 1929 by John Kenneth Galbraith, re-visit Benjamin Graham and David Dodd’s ‘Security Analysis’ and re-visit the teachings and lectures of Warren Buffett and Charles Munger. …


A recollection of my notes on leadership, management, capital allocation and life lessons from the examples set forth by Tom Murphy and Dan Burke at Capital Cities.

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President and Chief Executive Officer Dan Burke (left) and Chair and Chief Executive Officer Tom Murphy (right). Photo by Steve Fenn/Walt Disney Television via Getty Images

“Tom Murphy and Dan Burke were probably the greatest two-person combination in management that the world has ever seen or maybe ever will see.” — Warren Buffett

Note: This article represents my notes compiled on these two remarkable individuals. Tom Murphy and Dan Burke did not write much and kept low profiles. Most of what I have compiled is through the writings and speeches of Warren Buffett and Charlie Munger, ‘The Outsiders’ by…


A rigorous, disciplined, and realistic process Charlie Munger advocates in order to research, analyze, evaluate, and act on important decisions.

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Image source: https://junto.investments/worldly-lessons/daily-journal-2020-transcript/

“How can smart people so often be wrong? They don’t do what I’m telling you to do: use a checklist to be sure you get all the main models and use them together in a multimodular way”.
-Charlie Munger

Charlie Munger, Vice-chairman of Berkshire Hathaway lays out the use of checklists, both formal and informal, as indispensable tools for decision making and problem-solving.

Throughout Poor Charlie’s Almanack, Charlie recommends four basic types of checklists that necessarily overlap and reinforce each…


How I think about the Colombo Stock Exchange or Sri Lankan ‘share market’ while determining value and adequate returns when investing capital.

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Image source: pixabay.com

This article is part of a series of posts documenting my reasoning, methodology, and logic evaluating securities. If you would like to read more about my investment philosophy, be sure to check out my post about ‘The Intelligent Investor’ here or ‘Good Businesses’ here.

In this post, I will talk about how I think about investing and risk with regards to the Colombo Stock Exchange or what is commonly referred to as the Sri Lankan ‘share market’.

Introduction

“The…

Christiaan Quyn

Co-Founder of DataSprig, an agency based in Colombo, Sri Lanka. I read voraciously and write about investing, business and acquiring worldly wisdom.

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