I'm Starting a Reads Delivery Service

I am an outsider. Once I noticed how unfathomably exciting the realm of investing is, my objective was to absorb as much knowledge as possible. I feel I have a bottomless informational void to fill, and understanding how competitive of a landscape we operate in further fuels such sensation. The problem was that I did not count on any mentor, of any sort. It was therefore up to myself to scan through the world of written content and try come across the most suitable liquid to fill the vessel.

The path I took was the logical one. I decided that I was going to read as much as possible and hope for the best. This includes books, letters, papers, essays and research articles. After paying careful attention to the different pieces, I couldn’t help but realize that there is a high degree of irrelevant information in most books, and that it is on the more esoteric writings where true value is. I suspect the value per page in some letters and essays is unmeasurably higher than in the average book.

My question was then: “Why don’t more people read these?”. The answer came in a sequence of three observations:

1. Gems are hidden within igneous rocks. Truly high-value essays and letters are encompassed in compilations that include tens or hundreds of them, reaching thousands of pages altogether. The length not only scares one, but rapidly triggers the “I don’t have the time for that” reflex.

2. Some are written by unfamiliar names to outsiders.

3. Most people don’t count on an insider in the narrow niche of fundamental equity investing. Possessing such a resource would provide a great head-start. These people know where the value is and happily point that out to newcomers.

To bridge this gap and help people get closer to what I believe are writings that enhance our cognitive ability and/or share valuable insights, I am doing this “Reads Delivery Service”. On a monthly basis, I will select a series of write-ups from different investors/authors and compile them in a customized book. Each volume will be around 50/100/150 PDF-pages, and I will make sure the value per word is as high as possible.

By including several authors in these ‘books’, the task of going through the completeness of it should not be exhausting. Moreover, printed versions provide, I believe, a sense of delight, not to be found in their digital counterparts. This appearance will help reduce friction and invite oneself to go through it. Ultimately, doing so proves not only satisfying, but astonishingly worth intellectually.

Finally, at the beginning of each volume, I will share my reasoning behind each selection, alongside a brief description of the pieces included. And at the end of it, pertinent articles written by myself. The latter will act as a form of interpretation, conclusion, and summary to facilitate internalization of ideas discussed.

Who is the target audience?

The product is for you if you feel identified with one of the following:

• Investors who have a decent base of knowledge but would like to dive into some intricacies.

• Investors who love reading peculiar, interesting and somewhat demanding things.

• People who want to start learning about fundamental equity investing and portfolio management, but do not know where to start.

I printed out a handful of exemplaries, which are in the prototype stage, and will be gifting them to those who think would be interested in the service. If such is the case, please fill in this short form so that I can contact you.

This first edition will contain one of Buffett’s letters from the 60s, one of Mauboussin’s early articles, and one of Zeckhauser’s essays, alongside my introduction, motivation and some of my articles.

With this endeavor, it is my hope that all of us get to access the high-quality information that’s generally out of one’s scope. Finally, I suspect the length is fairly decent if we want this to turn into a long-term journey of sustainable learning.

If there’s anyone who could help me work out the legal aspect, I’d appreciate it as I am hitting multiple dead ends.

Personal Commentary

This is something that’s been on my mind for a while and I wish someone had done it for me. I genuinely hope we all improve our investing skill by reading this otherwise missed content.

Contact: Giulianomana@0to1stockmarket.com