Avoid Losses With This 44 Point Investment Checklist

Avoid Losses With This 44 Point Investment Checklist by Tim du Toit, Quant Investing

[munger]

Some time ago I came across an interesting article in The New Yorker magazine called The Checklist written by Atul Gawande the multi-talented surgeon who is also the author of an interesting book I read called Complications: A Surgeon’s Notes on an imperfect Science.

A checklist is an insult

The article is quite long but it boils down to that in spite of strong evidence to the contrary, highly trained people think it’s below them to use checklists as they already know what to do and working through a checklist is an insult to them.

From the article:

“But this time he found few takers.

There were various...