Money and Finance
Link
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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 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...
- Richard Duncan: Why The Fed Will Launch Another Round Of Quantitative Easing
As I've mentioned before, I think Richard Duncan's book The New Depression is one of the few macro-related things worth reading. THIS video interview he did earlier this year also does a great job of going over some of his ideas, for those who...
- A 13% Hurdle...
Just an interesting couple of comments mentioning the 13% hurdle number which I hadn’t noticed together until recently. In Poor Charlie's Almanack, I think there was also a comment from Munger along the lines that Berkshire's one big, 'hedgehog'...
- Economist Touts Radical Idea For U.s. Election Rivals
When it comes to evaluating the economic and fiscal proposals of Democratic President Barack Obama and his Republican challenger, Mitt Romney, in the U.S. election battle, economist Richard Duncan takes a firm pox-on-both-their-houses view. The Democrats...
Money and Finance
Repost: A Conversation with Charlie Munger
It is interesting to go back and watch this after not watching it for a couple of years. I guess because I've grown and learned different things in between watching it then and now, I noticed and got different things from it than I remember when I first saw it. And with hindsight about how the world has unfolded since this conversation, Munger's prescience shines through once again.
One other thing that got my attention more than before were his comments on solar. Richard Duncan, in his latest book, also talks about solar and how a massive government initiative to harnessing this cheap and nearly limitless source of energy would yield benefits way in excess of its costs, and the return on the capital spent on a project like this (when the government can borrow at such low rates) could have the potential to completely solve the debt problem, as compared to the way the government is currently spending a lot of money (i.e. on low to no return projects.....a la Japan). Though Munger talks about it in a couple of places, here was one quote, which happened around the 33-minute mark: “The idea of rapidly going to the sun, basically, and creating a vast infrastructure that will do it is a thoroughly sound idea. And we now know how to do everything we need to know how to do. And I think the country would get behind it if people had the sense to concentrate on something large and important and sensible.”
Link
- Links
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:...
- 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...
- Richard Duncan: Why The Fed Will Launch Another Round Of Quantitative Easing
As I've mentioned before, I think Richard Duncan's book The New Depression is one of the few macro-related things worth reading. THIS video interview he did earlier this year also does a great job of going over some of his ideas, for those who...
- A 13% Hurdle...
Just an interesting couple of comments mentioning the 13% hurdle number which I hadn’t noticed together until recently. In Poor Charlie's Almanack, I think there was also a comment from Munger along the lines that Berkshire's one big, 'hedgehog'...
- Economist Touts Radical Idea For U.s. Election Rivals
When it comes to evaluating the economic and fiscal proposals of Democratic President Barack Obama and his Republican challenger, Mitt Romney, in the U.S. election battle, economist Richard Duncan takes a firm pox-on-both-their-houses view. The Democrats...