Market Predictions (or Not)

“I think that when we know that we actually do live in uncertainty, then we ought to admit it; it is of great value to realize that we do not know the answers to different questions.” – Richard Feynman “It ain’t what you don’t know that gets you into trouble. It’s what you know for…

Thoughts on Trump – Part 2

On November 9th I wrote to you with my early thoughts on the election of Donald Trump as the next president of the United States. In that letter, [see November 9th blog post], I expressed surprise that he had been elected and caution about the potential repercussions of that on the US and global economies…

Thanks to all who’ve helped

13 yrs ago I quit Aramco and bet on myself. Many bumps, triumphs, sweat and tears and the amazing journey continues. Thanks to all who’ve helped

Quick Thoughts on Trump

I sent the following letter earlier today. —————————————————— My fellow Mayar partners, We don’t usually comment on specific news events, especially in the middle of the quarter, but I’ve received questions from some of you and I want to communicate with all of you at the same time so here are my thoughts on Trump…

Questions from Our Partners

After sending a longer-than-usual annual letter in July, we received a lot of feedback and many insightful questions from many of you. For the benefit of everyone, we would like to share some of them with you along with our responses. Q: In the annual letter, Aziz writes: “Even in the very unlikely case that…

“Your average Wall Streeter, faced with

“Your average Wall Streeter, faced with nothing profitable to do, does nothing for only a brief time. Then, suddenly and hysterically, he does something which turns out to be extremely unprofitable. He is not a lazy man.” Fred Schwed, “Where Are the Customers’ Yachts?”