Money and Finance
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Mark Zuckerberg plans to give away 99% of his Facebook shares during his lifetime (currently worth about $45 billion) (LINK)
Interestingly, at the time of Warren Buffett's announcement in 2006, his net worth was also about $45 billion. And if the roughly 500,000 A shares he held at the time were priced at today's prices, that $45 billion would be worth over $100 billion, which would make him the world's richest person by more than $20 billion. Those claim checks that will be given back to society continue to compound.
U.S. Embassies Are Obsessed With Warren Buffett’s Chocolate [H/T Linc] (LINK)
Vishal Khandelwal interviews microcap investor Ian Cassel (LINK)
The Persistence of Growth (LINK)
Einhorn's 20.6 pct loss puts fund on course for down year [H/T Will] (LINK)
David Tepper sent out a rare angry letter about one of his undisclosed stock positions [H/T Will] (LINK)
Beyond Disruption - by Ben Thompson (LINK)
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As a reminder around holiday shopping season, you can support this blog by shopping on Amazon through THIS LINK. If you choose not to use the link for this blog, consider using the link for one of your other favorite blogs....unless of course you are a major Amazon shareholder and want to save the company having to pay a small commission. But overall, it's a good way to support the bloggers of the world without directly using their sites' donation tabs and tip jars.
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The collection of old articles by James Montier posted the other day reminded me of another good collection of his work during 2008, HERE. Collection of Michael Mauboussin's Research Papers From Credit Suisse (LINK) Five Good Questions for Michael...
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With the movie based on The Big Short coming out soon, it may be a good time to re-read Charlie Munger's 2010 parable: Basically, It's Over 60 Minutes - Bonobos: What we can learn from our primate cousin (video) (LINK) Related book: Bonobo...
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If you haven't bought one yet and are interested, Max Olson has set up a print-on-demand link for the hardcover version of the Berkshire Hathaway Letters to Shareholders (LINK) What does Charlie Munger mean when he says that something is a lollapalooza?...
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For those who prefer audio, it looks like Charlie Munger: The Complete Investor is now available as an audiobook. How Playing the Long Game Made Elizabeth Holmes a Billionaire [H/T Will] (LINK) Seeking Wisdom In India - by Jana Vembunarayanan (LINK)...
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Donald R. Keough, Who Led Coca-Cola Through New Coke Debacle, Dies at 88 (LINK) In his 2008 Times interview, Mr. Keough spoke about a lesson he learned from working in the stockyards of Sioux City, Iowa. “When I was 15 or 16 years old, I got a...
Money and Finance