Money and Finance

Links

Munger’s Psychology Mindmapped (LINK) [A great post, and similar to what I'm doing with Munger's speech via a memory palace. The one thing I would recommend is using the speech from Poor Charlie's Almanack and not the online text from 1995, as Munger added and re-organized his thoughts for the book. And note, if you buy the book on Amazon you can usually save some money compared to buying straight from the book's site, as the publisher is selling it on Amazon but with a lower shipping cost. Go to the Amazon link, click on "15 New from $53.99", and the ones being sold for $53.99 come from the publisher with just an additional $3.99 in shipping cost. They are $49.00 on poorcharliesalmanack.com, but the shipping cost makes it more expensive overall, at least to ship to where I live.]

Related books, HERE. Related link: Mind Mapping Software

A Dozen Things Learned from John Malone (LINK)

Related book: Cable Cowboy

Brain Pickings with a great overview and excerpts from E.O. Wilson's The Meaning of Human Existence (LINK)

Related link: E.O. Wilson on Charlie Rose

Slides from some of the speakers at the Grant's conference (LINK)

Howard Marks on Bloomberg (video) [H/T ValueWalk] (LINK)

Bill Gross' latest Investment Outlook: The Trouble with Porosity and Prosperity (LINK)

The Absolute Return Letter, November 2014: Snail Trail Vortex (LINK)

The world is undergoing a radical shift towards lower economic growth at the moment. Some of the dynamics driving growth down are structural in nature (e.g. demographics), and even the most extreme monetary or fiscal policy will not change that. We are in for a period of lower, but still positive, global growth whether we like it or not. Despite the somewhat muted outlook, we continue to expect significant regional variations in growth and therefore also in interest rates and equity returns. Global GDP has averaged almost 4% per annum over the past few decades, but we are now closer to 3% and the number continues to shrink. It is almost unthinkable, at least the way we see the world, that this number will begin to increase any time soon and portfolios must be constructed accordingly.

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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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ZUCK'S NOT ALONE: HERE ARE LETTERS WRITTEN BY OTHER MOGULS TO THEIR KIDS [H/T Linc] (LINK) Nice write-ups on the 3G Culture [H/T Linc] (Part 1, Part 2) Related book: DREAM BIGBottom Keeps Falling for Energy-Debt Investors (LINK) Elon Musk:...

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A LETTER TO MY UNBORN GRANDCHILDREN - by Jason Zweig (LINK) Will there ever be another Charlie Munger? (LINK) Related book: Charlie Munger: The Complete InvestorSanjay Bakshi: The Multiplication Rule (LINK) Bill Gates launches multi-billion dollar...

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For those interested, we've filed as a substantial shareholder on our second Australian name at Boyles. The details of which can be seen HERE. Jason Zweig: GOOD ADVICE, OR ADVICE THAT SOUNDS GOOD? (LINK) Robert Shiller on CNBC (video) (LINK)...

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Howard Marks' comments on Oaktree's call (LINK) Michael Lewis on Charlie Rose discussing the 25th anniversary edition of Liar’s Poker (LINK) Walter Isaacson does a reddit AMA [H/T Will] (LINK) Related book: The InnovatorsJim Grant: Complexity:...

Money and Finance