Note: No posts next week due to the U.S. holiday.
Quote for the Week
It is easy, of course, to pick out good companies, companies that are better than other companies. But that is not the same thing as picking out good stocks to buy at their current prices. The reason should be obvious. The good companies sell at high prices in relation to what they show, and the companies that are not so good sell at low prices in relation to what they show. And which one is the better one to buy cannot be decided in any simple, offhand manner such as saying it is always better to buy your jewelry at Tiffany’s than at Macy’s. That may or may not be true. — Benjamin Graham (source)
From the Archives
Last Call
- Portfolio Theory – S. Godin
- Sources of Return – Verdad
- Growth Traps vs Value Traps – Behind the Balance Sheet
- The New New Moats – Greylock
- Tap into the Wisdom of Your ‘Inner Crowd’ – Behavioral Scientist
- AI’s Winners, Losers, and Wannabes – Musings on Markets
- Reid Hoffman on the Possibilities of AI (podcast) – Conversations w/ Tyler
- Humans Have Pumped Up So Much Water It’s Altered The Planet’s Spin – Science Alert
- The Sounds Of Invisible Worlds – NOEMA