Money and Finance
- Links
Baidu CEO Robin Li interviews Bill Gates and Elon Musk at the Boao Forum, March 29 2015 (video...but not the best audio) (LINK) Morgan Housel interviews Michael Lewis [H/T Abnormal Returns] (LINK) 'Great Debate': Realist Bogle vs optimist Grant...
- Buffett Tells Coke Ceo Study Failure, Avoid Complacency
UPDATE: The video of the Coca-Cola Annual Meeting (Mr. Buffett enters around the 17-minute mark) is available HERE and HERE. Warren Buffett, who controls the largest stake in Coca-Cola Co. (KO), told the chief executive officer of the soft-drink maker...
- Legg Mason’s Miller To Exit Main Fund After Trailing Peers
Bill Miller, the Legg Mason Inc. (LM) manager known for beating the Standard & Poor’s 500 Index for a record 15 years through 2005, will step down from his main fund after trailing the index for four of the past five years. Miller, 61, will be succeeded...
- Bill Gates Reviews Matt Ridley's Book "the Rational Optimist"
Found via Simoleon Sense.The science writer Matt Ridley made his reputation with books like "The Red Queen: Sex and the Evolution of Human Nature" and "Genome: The Autobiography of a Species in 23 Chapters." His latest book, "The Rational Optimist: How...
- The 2007 Legg Mason Symposium - Transcript
The 2007 Legg Mason Symposium December 4, 2007- Corporate Speakers • Chip Mason Chairman, President and CEO, Legg Mason • Ken Leech Chief Investment Officer, Western Asset Management • Patrick Tan Chief Investment Officer, Legg Mason International...
Money and Finance
Greenlight Capital Q2 Letter
Link: Greenlight Capital Q2 Letter
It ends with a great quote: “The pessimist complains about the wind; the optimist expects it to change; the realist adjust the sails.” –William Arthur Ward
..........
That quote reminded me of the way Bill Miller opened his Q2 2008 Letter:
A group of us were standing around a few weeks ago when Warren Buffett wandered over. Chris Davis had dubbed us the Value Support Group, as we all adhered to that approach to investing. We were commiserating over how badly we had done in this market, how valuation appeared not to matter and had not for the past couple of years, how it was all about momentum and trend, and how we were all losing clients and assets over and above our losses in the market. It seemed like we needed a 12-step program to cure us of our addiction to buying beaten-up stocks trading at large discounts to our assessment of their intrinsic value.
Mason Hawkins said, "Warren
- Links
Baidu CEO Robin Li interviews Bill Gates and Elon Musk at the Boao Forum, March 29 2015 (video...but not the best audio) (LINK) Morgan Housel interviews Michael Lewis [H/T Abnormal Returns] (LINK) 'Great Debate': Realist Bogle vs optimist Grant...
- Buffett Tells Coke Ceo Study Failure, Avoid Complacency
UPDATE: The video of the Coca-Cola Annual Meeting (Mr. Buffett enters around the 17-minute mark) is available HERE and HERE. Warren Buffett, who controls the largest stake in Coca-Cola Co. (KO), told the chief executive officer of the soft-drink maker...
- Legg Mason’s Miller To Exit Main Fund After Trailing Peers
Bill Miller, the Legg Mason Inc. (LM) manager known for beating the Standard & Poor’s 500 Index for a record 15 years through 2005, will step down from his main fund after trailing the index for four of the past five years. Miller, 61, will be succeeded...
- Bill Gates Reviews Matt Ridley's Book "the Rational Optimist"
Found via Simoleon Sense.The science writer Matt Ridley made his reputation with books like "The Red Queen: Sex and the Evolution of Human Nature" and "Genome: The Autobiography of a Species in 23 Chapters." His latest book, "The Rational Optimist: How...
- The 2007 Legg Mason Symposium - Transcript
The 2007 Legg Mason Symposium December 4, 2007- Corporate Speakers • Chip Mason Chairman, President and CEO, Legg Mason • Ken Leech Chief Investment Officer, Western Asset Management • Patrick Tan Chief Investment Officer, Legg Mason International...