Money and Finance
A Dozen Things Learned from Charlie Munger About Benjamin Graham’s Value Investing System (LINK)
James Chanos discusses China on the Full Disclosure podcast (audio) (LINK)
A 'Black Swan' Fund Makes $1 Billion (LINK) [Related book: The Dao of Capital]
PHILOSOPHICAL ECONOMICS: Fiscal Inflation Targeting and the Cost of Large Government Debt Accumulation (LINK)
Hussman Weekly Market Comment: If You Need to Reduce Risk, Do it Now (LINK)
- Links
The “Enemies” of Warren Buffett [H/T @Sanjay__Bakshi] (LINK) Two Mental Models (and 24 Things): Network Effects and Critical Mass - by Tren Griffin (LINK) Utility Investor With Ties to Buffett Joins World's 400 Richest [H/T Linc] (LINK)...
- Links
Nassim Taleb on the success of Munger-Buffett (LINK) So I figured out something about the success of Munger-Buffett. It is not in the strategies they run, but in their very, very, very strong filtering. Simply it is generalized flaneuring. Charlie...
- 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
Daniel Kahneman: ‘What would I eliminate if I had a magic wand? Overconfidence’ (LINK) Related book: Thinking, Fast and SlowChris Pavese's idea presentation on SeaWorld Entertainment (video) (LINK) Related book: Walt's Revolution!:...
- Links
William Cohan catches up with Jamie Dimon [H/T Will] (LINK) Dan Harris on Charlie Rose discussing his book, 10% Happier (video) (LINK) Philosophical Economics - Introducing the Total Return EPS Index: A New Tool for Analyzing Fundamental...
Money and Finance
Links
A Dozen Things Learned from Charlie Munger About Benjamin Graham’s Value Investing System (LINK)
Related book: Charlie Munger: The Complete InvestorTren Griffin talks with Forbes about his book on Charlie Munger (LINK)
James Chanos discusses China on the Full Disclosure podcast (audio) (LINK)
“This is just the beginning,” said Universa founder Mark Spitznagel, referring to the market volatility last week. His longtime collaborator, Mr. Taleb, who advises Universa, is a professor at New York University and is known for his pessimistic forecasts on the global economy.
The Power Revolutions (LINK)“The markets are overvalued to the tune of 50%, and I’ve been saying that for some time,” said Mr. Spitznagel, who has spent the past several years warning of a coming correction he viewed as inevitable given the easy-money policies by central banks around the world.
Natural gas, solar power and data-driven efficiency are making big gains, but history shows that the shift away from coal and oil won’t be fast or neatMasters in Business podcast: Paul McCulley (audio) (LINK)
PHILOSOPHICAL ECONOMICS: Fiscal Inflation Targeting and the Cost of Large Government Debt Accumulation (LINK)
Hussman Weekly Market Comment: If You Need to Reduce Risk, Do it Now (LINK)
It’s important to recognize that the S&P 500 is down only about 6% from its record high, while the most historically reliable valuation measures are double their historical norms; a level that we still associate with expected 10-year S&P 500 nominal total returns of approximately zero. We fully expect a 40-55% market loss over the completion of the present market cycle. Such a loss would only bring valuations to levels that have been historically run-of-the-mill. Investors need not expect, but should absolutely allow for, a market loss of that magnitude. If your investment portfolio is well-aligned with your actual risk tolerance and the horizon over which you expect to spend the funds, do nothing. Otherwise, use this moment as an opportunity to set it right. Whatever you're going to do, do it. You may not get another opportunity, and if you're taking more equity risk than you wish to carry over the completion of this cycle, you still have the opportunity to adjust at stock prices that are close to the highest levels in history.Oliver Sacks, Neurologist Who Wrote About the Brain’s Quirks, Dies at 82 (LINK)
Related book: On the Move
- Links
The “Enemies” of Warren Buffett [H/T @Sanjay__Bakshi] (LINK) Two Mental Models (and 24 Things): Network Effects and Critical Mass - by Tren Griffin (LINK) Utility Investor With Ties to Buffett Joins World's 400 Richest [H/T Linc] (LINK)...
- Links
Nassim Taleb on the success of Munger-Buffett (LINK) So I figured out something about the success of Munger-Buffett. It is not in the strategies they run, but in their very, very, very strong filtering. Simply it is generalized flaneuring. Charlie...
- 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
Daniel Kahneman: ‘What would I eliminate if I had a magic wand? Overconfidence’ (LINK) Related book: Thinking, Fast and SlowChris Pavese's idea presentation on SeaWorld Entertainment (video) (LINK) Related book: Walt's Revolution!:...
- Links
William Cohan catches up with Jamie Dimon [H/T Will] (LINK) Dan Harris on Charlie Rose discussing his book, 10% Happier (video) (LINK) Philosophical Economics - Introducing the Total Return EPS Index: A New Tool for Analyzing Fundamental...