Money and Finance

Links

John Burbank on the Source of the Biggest Mispricings (LINK)

How Money and Banking Work On a Gold Standard (LINK)

Andrew Smithers: The problem of the equity risk premium (LINK)

Jim Grant: Buy Hated These Hated Stocks (LINK)

Mark Hanson: Lack of Defaults/Foreclosures/Short Sales; A Serious Housing & Spending Headwind (LINK)

Ebola Requires a Team Africa (LINK)

Stratfor: Gaming Israel and Palestine (LINK)

Unlearning From Peter Bernstein (LINK)

Q [Jason Zweig]. Over the course of your career, what are the most important things you’d say you had to unlearn?

A [Peter Bernstein]. That I knew what the future held, I guess. That you can figure this thing out. I mean, I’ve become increasingly humble about it over time and comfortable with that. You have to understand that being wrong is part of the process. And I try to shut up at cocktail parties. You have to keep learning that you don’t know, because you find models that work, ways to make money, and then they blow sky-high. There’s always somebody around who looks smart. I’ve learned that the ones who are the most smart aren’t going to make it. I don’t know anybody who left investing to become an engineer, but I know a lot of engineers who left engineering to become investors. It’s just so infinitely challenging.

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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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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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Part 2 of Charlie Rose's interview with Tim Cook [Part 1 is HERE] (LINK) Aswath Damodaran on Alibaba's Corporate Governance (LINK) Jason Zweig: If You Buy Alibaba, Be Ready for a Rough Ride (LINK) James Altucher interviews Peter Thiel...

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For the next week, there are some good non-fiction books available for sale on Audible.com for $4.95 [In the Plex, The Emperor of All Maladies, The Selfish Gene, The Talent Code, Mistakes Were Made (But Not By Me), A. Lincoln, and a couple of others that...

Money and Finance