Money and Finance
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I finally finished the audiobook of Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future over the weekend. I enjoyed it, and also want to point out Appendix 2 in the book, which was a short overview of Musk's thoughts about PayPal, why it worked and why he thinks it hasn't gotten any better as a service since 2001. It was a brief but interesting overview of creating a low cost competitive advantage in a business and it gave me a few things to think about.
Why SpaceX Rocket Landing Is a Giant Leap for Space Travel (LINK)
Steven Pinker on What a Broad Education Should Entail (LINK) [Shane's post and the Pinker excerpt also reminded of the excerpt I posted from East Coast Asset Management's Q3 2014 Investment Letter.]
Tom Gayner & Steve Markel On What Makes A Great Business (LINK)
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Links
60 Minutes on The Future of Money (video) (LINK) A "mobile money" revolution has swept Kenya, where people can send and receive money on their cell phones. It's improved commerce and brought basic necessities to poorer areasHoward Marks on Bloomberg...
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Links
I've linked to this great site before, but since it's making the rounds again.... A great compendium of Q&As with Warren Buffett (LINK) Ray Dalio: The Dangerous Long Bias and the End of the Supercycle [H/T Santangel’s Review] (LINK)...
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Links
Warren Buffett’s NetJets Gets a New Captain [H/T Linc] (LINK) NetJets Shuffle: Costs of Deviations from the Berkshire Model - by Lawrence Cunningham (LINK) New England’s top GOP donor isn’t a Republican [H/T Will] (LINK) Boston billionaire...
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Links
The book Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future was released today. Dan Ariely's latest book was also released today: Irrationally Yours: On Missing Socks, Pickup Lines, and Other Existential Puzzles James Montier: The...
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Elon Musk On 60 Minutes
Link to segment: Tesla and SpaceX: Elon Musk's industrial empireSo many children dream of fast cars and rocket ships, but few actually grow up to build them -- and change the world in the process
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Money and Finance