The Digest #129
Fall of the Vanderbilts, Authenticity, Feynman on Evaluating Information, Jerry Seinfeld, Taking the Difficult Path, Howard Marks, Will Thorndike ...
The Digest #128
Truth and Lies, Recession or Hovering?, Forward Guidance, Howard Marks, TransDigm, Tumi & Roam Luggage, Jeremy Grantham ...
The Value of Repetition
Exposing ourselves to timeless principles is beneficial. But we should not be so rigid as to discount the possibility that the world has changed, and we must keep an open mind ...
The Digest #123
Buffett's Estate Plans, Freight Rail Disruptions, Austin's Evolution, Chick-fil-A, Interviews of Vitaliy Katsenelson, Guy Spier, and William Green ...
The Digest #122
Buffett vs. Saylor, Medical Debt, Capital Gains Tax cut?, Jim Chanos, Howard Marks, Andrew Marks, Mohnish Pabrai, Jim Simons ...
The Digest #121
Social Security Reform, ESG, Corporate Cultures, BYD's Batteries, Iatrogenesis, Bored Elon Musk ...
The Digest #109
Trouble Ahead for Housing? ...
The Digest #107
Munger's Alibaba Investment, The Battle of Actium, Cyberattack Insurance, Stanley Druckenmiller, Howard Marks ...
The Digest #95
Executive Compensation, Howard Marks, Innovation Hubs, The Eternal Present ...
The Digest #86
The Fed's Epistemic Arrogance, A World Without Yield, 10-K Diver on Dividends ...
The Digest #73
Vaccine Supply, ACA Changes, Screen Addiction, SPACs, Happiness, Seneca's Death ...
The Digest #70
Grantham, Berkowitz, Marks, Isaacson, and Tulips ...
The Digest #67
Marks and Greenblatt, The Future of NYC, Mental Models, Best Story Wins ...
The Pitfalls of Early Success – A Personal History
"Success makes people think they're smart. That's fine as far as it goes, but there can also be negative ramifications." -- Howard Marks The investing profession tends to attract individuals who, to put it politely, have a healthy sense of ...
Mastering the Market Cycle
"Imagine how much harder physics would be if electrons had feelings!" -- Richard Feynman The goal of many websites is to create "evergreen" content -- that is, content that stands the test of time and will prove to be relevant ...
Interesting Reading – January 20, 2017
In this series, we suggest worthwhile reading material on a variety of topics of general interest. What to Make of the 'Davos Class' in the Trump Era - The New York Times, January 16, 2017. Andrew Ross Sorkin reports on ...
Interesting Reading – October 7, 2016
Note to readers:  In this new series, we will suggest worthwhile reading material on a variety of topics, not all of which will be related directly to investing.  We anticipate several posts per month consisting of five to ten suggestions ...
Coping With Irrational Markets
One of the requirements for efficient capital markets involves the rapid dissemination of relevant information necessary to make investment decisions.  Superior information can provide a material edge for investors and has traditionally been viewed as a competitive advantage for those ...