Daily Reading: January 22, 2009

I am really growing tired of posting the latest economic data points, quarterly earnings updates, and other useless information. All of that is simply noise; if you are in the game for the long-term, all that matters is you pick good investments and pay an appropriate price.

So today I am posting a couple of articles with more substance:

A great blog post about framing investment decisions in terms of probabilities. gurufocus.

Another great post about 'Warren Buffett's Secret Formula'. investorwalk. SSSHHHH, it's a secret. Actually the secret is simplicity; read the post it is well worth your time.