Money and Finance
A Dozen Things Learned from Charlie Munger about Moats (LINK)
Why Falling Oil Prices Startled MLP Investors - by Jason Zweig (LINK)
John Burbank warns of liquidity crisis (LINK)
The Manual of Ideas interview with MIT Investment Management Co. [H/T @jasonzweigwsj] (LINK)
Fred Wilson | Talks at Google (video) (LINK)
Hussman Weekly Market Comment: Not The Time To Be Bubble-Tolerant (LINK)
- Links
Sanjay Bakshi talks to Shane Parrish on The Knowledge Project podcast (LINK) More Sanjay Bakshi... MEETING WITH TRIUMPH AND DISASTER: SOME LESSONS (LINK) A Dozen Things Learned from Charlie Munger about Mistakes (LINK) “PHISHING FOR PHOOLS”: A Q&A...
- Links
A Dozen Things Learned from Charlie Munger about Risk (LINK) Related book: Charlie Munger: The Complete InvestorJames Tisch On Value Investing [H/T ValueWalk] (LINK) Value investing — you’d be crazy not to (LINK) [Related book: Misbehaving:...
- Links
As part of Stoic Week, Stoicism Today: Selected Writings can be downloaded for free from the Amazon Kindle store Monday to Friday [H/T Stoicism Today]. The Wisdom of Alan Watts in Four Thought-Provoking Animations (LINK)Related audiobook: You're...
- Links
Catching up on some things after a few days with limited internet access... As a reminder, Tony Robbins' book, MONEY Master the Game, is out today. For more, see THIS previous post and article link. James Altucher also just interviewed Robbins about...
- Hussman Weekly Market Comment: Confidence Abounds
Confidence abounds. Last week, Investor’s Intelligence reported a surge in advisory sentiment to the highest bullish percentage since October 19, 2007. The National Association of Active Investment Managers (NAAIM) reported that the 3-week average equity...
Money and Finance
Links
A Dozen Things Learned from Charlie Munger about Moats (LINK)
Why Falling Oil Prices Startled MLP Investors - by Jason Zweig (LINK)
John Burbank warns of liquidity crisis (LINK)
The Manual of Ideas interview with MIT Investment Management Co. [H/T @jasonzweigwsj] (LINK)
Fred Wilson | Talks at Google (video) (LINK)
Hussman Weekly Market Comment: Not The Time To Be Bubble-Tolerant (LINK)
In this environment, we cringe to see analysts explaining the recent bounce by saying that the market cannot suffer extreme losses once short-term conditions become oversold and bearish sentiment increases (oversold conditions have cleared in recent weeks anyway, on enthusiasm that economic weakness will tie the Fed’s hands). Even if this explanation seems to have been true in recent weeks, it is emphatically not reliable more generally. The most severe market losses in history – for example, 1973-74 and 2008 – occurred despite persistently oversold conditions and bearish sentiment that far exceeded bullish sentiment. Analysts forget that the 2000-2002 and 2007-2009 collapses occurred in an environment of persistent and aggressive Fed easing. These analysts are making a version of the mistake that we made in this cycle prior to mid-2014, and it’s a dangerous one: placing greater priority on overextended market conditions than on measures of investor risk-preferences.Book of the day: Work Rules!: Insights from Inside Google That Will Transform How You Live and Lead
- Links
Sanjay Bakshi talks to Shane Parrish on The Knowledge Project podcast (LINK) More Sanjay Bakshi... MEETING WITH TRIUMPH AND DISASTER: SOME LESSONS (LINK) A Dozen Things Learned from Charlie Munger about Mistakes (LINK) “PHISHING FOR PHOOLS”: A Q&A...
- Links
A Dozen Things Learned from Charlie Munger about Risk (LINK) Related book: Charlie Munger: The Complete InvestorJames Tisch On Value Investing [H/T ValueWalk] (LINK) Value investing — you’d be crazy not to (LINK) [Related book: Misbehaving:...
- Links
As part of Stoic Week, Stoicism Today: Selected Writings can be downloaded for free from the Amazon Kindle store Monday to Friday [H/T Stoicism Today]. The Wisdom of Alan Watts in Four Thought-Provoking Animations (LINK)Related audiobook: You're...
- Links
Catching up on some things after a few days with limited internet access... As a reminder, Tony Robbins' book, MONEY Master the Game, is out today. For more, see THIS previous post and article link. James Altucher also just interviewed Robbins about...
- Hussman Weekly Market Comment: Confidence Abounds
Confidence abounds. Last week, Investor’s Intelligence reported a surge in advisory sentiment to the highest bullish percentage since October 19, 2007. The National Association of Active Investment Managers (NAAIM) reported that the 3-week average equity...