Money and Finance
Lee Kuan Yew quote
When discussing why the American system has succeeded over the last several decades, when there were times when some thought Europe or Japan would overtake economic leadership. This quote reminded me of some of the things Nassim Taleb has discussed in his work.
“The Americans have succeeded as against the Europeans and the Japanese because they have more extremes of random behavior. You have the mean, you have the bell curve, and you have two extreme ends. And the more you have of the extreme ends on the good side, the more creativity and inventiveness you have.” -Lee Kuan Yew: The Grand Master's Insights on China, the United States, and the World
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Links
Some more Berkshire notes (scroll down to item 2 in the following link) (LINK) Marc Andreessen’s plan to win the future (LINK) A Dozen Things learned from Julian Robertson about Investing (LINK) Cliff Asness on WealthTrack (video) [H/T ValueWalk] (LINK)...
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Lee Kuan Yew On Leadership: The Harvard Interview (october 17, 2000)
Link to video [H/T ValueWalk] ................. Related books: The Singapore Story: Memoirs of Lee Kuan Yew From Third World to First: The Singapore Story - 1965-2000 Related previous post: Lee Kuan Yew's Insights with Graham Allison and...
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Charlie Rose: Remembering Lee Kuan Yew
Link to video: We remember Lee Kuan Yew, former prime minister of Singapore. ................. Related book: From Third World to First: The Singapore Story - 1965-2000 Related link: Lee Kuan Yew obituary Related video: Munger praises Singapore...
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Prem Watsa's 2011 Shareholder Letter - Fairfax Financial
We continue to fully hedge our common stock portfolios as our concerns about the United States discussed in our 2010 Annual Report persist, and have been magnified by the financial crisis in Europe, including the underlying austerity programs, and the...
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Charlie Rose: 2009 Interview With Lee Kuan Yew
It took a parable from Charlie Munger to finally get me to watch this interview that has been saved on my DVR since October, but it was one of the better interviews I have ever seen and I highly recommend it. (And H/T to Shai, who was well ahead of me...
Money and Finance