Money and Finance

Links

1976 Buffett Letter About Geico (LINK)

Generalizing the Kelly Criterion (LINK)

Illusions and the Art of Paying Attention (LINK)

Andrew Smithers: US economy: the persistent myth of deleveraging (LINK)

Dropbox Slashes Its Price As the Cost of a Gigabyte Nears Zero (LINK) [On a related note, if you haven't signed up for Dropbox and would like to, you can expand your free storage limit for both of us if you use THIS link.]

Change Your Microbiome, Change Yourself (LINK)

Scott Adams: Easiest Diet Plan Ever (LINK)

Related book: How to Fail at Almost Everything and Still Win Big

Parasite of the Day: The Emerald Cockroach Wasp (LINK)

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A Dozen Things Learned from Charlie Munger about Making Rational Decisions (LINK) A Dozen Things Learned from Charlie Munger about Mental Models and Worldly Wisdom (LINK) Related book: Charlie Munger: The Complete InvestorJason Zweig: 5 Things...

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How a 25-Year-Old Sparked Plunge at Lumber Liquidators (LINK) Horizon Kinetics' March Commentary (LINK) Absolute Return Letter - March 2015: Tigers in Africa (LINK) A Warning From Buffett About Banks [H/T Linc] (LINK) The $62bn secret of Warren Buffett’s...

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A Conversation With Square’s Jack Dorsey (LINK) 'Building a brand is a painstaking process' [H/T @Sanjay__Bakshi] (LINK) Matt Ridley: Science is being corrupted by political bias (LINK) Analyzing and Valuing Growth: Interactive Brokers...

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Bill Gross' latest Investment Outlook: Goodnight Vietnam (LINK) Robert Shiller on CNBC (LINK) John Hempton on CNBC (LINK) Hempton also recently re-recommended the book Fatal Risk: A Cautionary Tale of AIG's Corporate SuicideLosing...

- Generalizing The Kelly Criterion
Below is a link to a 3-page excerpt from the Boyles Q2 2014 letter relating to the Kelly Criterion, a topic I’ve mentioned before, but not quite given as full of a discussion as there is here. Link to: Generalizing the Kelly Criterion ...

Money and Finance