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I took advantage of the shorter week, thanks to Memorial Day, to get caught up on some behind the scenes (less fun) stuff I’ve been putting off. So no regular post this week, but I do have weekend reads and some interviews worth watching.
The Recode Code Conference was this week. Not all the video replays are posted yet, but the few that are where interesting and posted below. Continue Reading…
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People have tried to explain the causes behind the extreme unbalance in prosperity in different parts of the world over the last two centuries. In an article titled How the West (and the Rest) Got Rich the author pinpoints the missing ingredient that brought about the last few centuries of progress and prosperity to Western Europe and the U.S. Continue Reading…
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Analogies abound in investing because they relate something familiar to the unknown, they simplify the complex. I can expound on how the markets work or I can retell Ben Graham’s story of Mr. Market. The later does a better job of explaining the basics to anybody then my detailed explanation ever would.
I was reminded of a similar analogy this week. It’s one I’ve read several times before and thought it was worth sharing. Ralph Wanger relayed how markets work to Bill Berstein: Continue Reading…
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I wanted to share some excerpts from an old Q&A session Warren Buffett had back in 2003. In it, Buffett spends a good amount of time covering competitive advantage.
I think it’s important because often times people chase the next big thing, the tech of the future, or some hot IPO. There’s always a fantastic story spun around new companies, so full of potential with barely an ounce of ink spilled on the risks.
They’re looking for a lottery ticket. Continue Reading…
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I’m going slightly off topic today. Recode has a nice article on the story behind Fiber, the good and bad sides, and the disruption it’s caused. I’m a fan of Google Fiber because the direction it’s moving will be how we access the internet in the not too distant future and I dislike Comcast.
A small piece stuck out to me because it was something I discussed several years ago about how everyone and everything will connect to the internet soon. Continue Reading…
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Howard Marks gave a talk at Google back in March ’15 where he covered the origin of his investment philosophy. I scribbled some notes as watched it. I thought it was time to organize things and post it here.
His book, The Most Important Thing, is his investment philosophy. He admits that his most important things have changed over time. His thinking is always evolving. The goal was to show that investing is hard, counterintuitive, and to teach people how to think.
During the talk, Marks highlighted where the roots of his philosophy began: Continue Reading…