Monday, August 13, 2007

Peter Lindmark: Simplicity and Focusing on the Big Picture

Our life is frittered away by detail... simplify, simplify." Henry Thoreau

Einstein listed the five ascending levels of intellect as: “Smart, Intelligent, Brilliant, Genius, Simple." Investors are detailed oriented and most never get to simple. Analysts have hundred page spreadsheets and focus intently on miniscule details, which are irrelevant over three to five year periods. Most investors miss the big picture due to their overly analytical minds.

“Keep the big picture in mind.” Joel Greenblatt

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