Money and Finance
Bill Gates: 50 Years of Warren’s Wisdom (LINK)
University Of Auckland Investment Club Q&A With Mohnish Pabrai (LINK)
Latticework of Mental Models: Mean Reversion (LINK)
The Brooklyn Investor comments on Berkshire Hathaway and the annual meeting (LINK)
Meet the World's Most Bearish Investment Manager, Mark Spitznagel (video) [H/T ValueWalk] (LINK)
Bond Market Plunge Shows How Stability Can Breed Instability (LINK)
Steve Keen talk on Minsky's Financial Instability Hypothesis & the crisis of 2008 (video) (LINK)
Mark Hanson: Housing Bubble 2.0 at Peak Sphericity; the Kardashian’s are now house flippers (LINK)
10 Writing Tips from Legendary Writing Teacher William Zinsser, May He Rest in Peace (LINK)
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A good article from Mohnish Pabrai, 13 years ago: Buffett Succeeds at Nothing Michael Mauboussin: Common Investor Biases and Where They Come From [H/T ValueWalk] (LINK) Kyle Bass on China's looming banking crisis and the U.S. economy (LINK) The Increasingly...
- Links
For those curious to see the legend we named Boyles Asset Management after, see THIS video (it starts at the 6:05 mark). Latticework of Mental Models: Framing Effect (LINK) Henry David Thoreau on Success (LINK) Buffett's Unconventional Investments...
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Always a great time to revisit this: Seth Klarman on the Painful Decision to Hold Cash [H/T @trengriffin] (LINK) Latticework of Mental Models: Moral Hazard (LINK) Meet Mark Spitznagel, the Investor Behind Universa’s Big Gain [H/T Jim] (LINK)...
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3G Capital, Berkshire to Buy Kraft, Merge It With Heinz (video) (LINK) Warren Buffett was also on CNBC discussing the deal, HERE, HERE, HERE, and HERE. ValueWalk with more excerpts from the Baupost Group 2014 Letter (LINK) Farnam Street - Mental...
- Links
From March 11, 2008: A Conversation with Charlie Munger at Caltech (video) [H/T ValueWalk] (LINK) [This used to be up on Caltech's website, but it appears it has now been posted to YouTube. I have it saved in iTunes, where you can also download it...
Money and Finance
Links
Bill Gates: 50 Years of Warren’s Wisdom (LINK)
University Of Auckland Investment Club Q&A With Mohnish Pabrai (LINK)
Latticework of Mental Models: Mean Reversion (LINK)
The Brooklyn Investor comments on Berkshire Hathaway and the annual meeting (LINK)
Meet the World's Most Bearish Investment Manager, Mark Spitznagel (video) [H/T ValueWalk] (LINK)
Related book: The Dao of CapitalMorgan Creek Capital's Q1 Letter (LINK)
Julian Robertson has gotten extremely Bearish three times since I have known him, once in 1999 leading up to the Tech Bubble in 2000, a second time in 2007 leading up to the sub-prime melt-down and Global Financial Crisis in 2008 and late last year (and becoming increasingly more concerned this year). In each instance, he started off mildly concerned about imbalances that were building and then he became increasingly vocal in his public appearances, as the situation grew increasingly dire. On each occasion he made significant adjustments to his portfolios that ultimately preserved capital and generated superior returns over the course of the entire event and we would all be wiser, and wealthier, had we followed his lead when the Big Tiger turned into a Bear. The challenging part of the story is that on each occasion he was early in his calls for caution and the funds experienced less favorable performance either in the form of actual losses or perceived opportunity costs (the dreaded Fear Of Missing Out) during the lead up to the actual event. The problem with the big crisis events is that you can be hours early, but you can’t be one minute late on getting out of the way as the corrections happen too quickly and come at the precise time when everyone has convinced themselves that nothing bad could possibly happen.Stan Druckenmiller Sees ‘Massive' Problem Caused by Aging (LINK)
Bond Market Plunge Shows How Stability Can Breed Instability (LINK)
Steve Keen talk on Minsky's Financial Instability Hypothesis & the crisis of 2008 (video) (LINK)
Mark Hanson: Housing Bubble 2.0 at Peak Sphericity; the Kardashian’s are now house flippers (LINK)
10 Writing Tips from Legendary Writing Teacher William Zinsser, May He Rest in Peace (LINK)
Related book: On Writing Well
Related link: A Guide to Writing Well
- Links
A good article from Mohnish Pabrai, 13 years ago: Buffett Succeeds at Nothing Michael Mauboussin: Common Investor Biases and Where They Come From [H/T ValueWalk] (LINK) Kyle Bass on China's looming banking crisis and the U.S. economy (LINK) The Increasingly...
- Links
For those curious to see the legend we named Boyles Asset Management after, see THIS video (it starts at the 6:05 mark). Latticework of Mental Models: Framing Effect (LINK) Henry David Thoreau on Success (LINK) Buffett's Unconventional Investments...
- Links
Always a great time to revisit this: Seth Klarman on the Painful Decision to Hold Cash [H/T @trengriffin] (LINK) Latticework of Mental Models: Moral Hazard (LINK) Meet Mark Spitznagel, the Investor Behind Universa’s Big Gain [H/T Jim] (LINK)...
- Links
3G Capital, Berkshire to Buy Kraft, Merge It With Heinz (video) (LINK) Warren Buffett was also on CNBC discussing the deal, HERE, HERE, HERE, and HERE. ValueWalk with more excerpts from the Baupost Group 2014 Letter (LINK) Farnam Street - Mental...
- Links
From March 11, 2008: A Conversation with Charlie Munger at Caltech (video) [H/T ValueWalk] (LINK) [This used to be up on Caltech's website, but it appears it has now been posted to YouTube. I have it saved in iTunes, where you can also download it...