Monday, December 8, 2014


From March 11, 2008: A Conversation with Charlie Munger at Caltech (video) [H/T ValueWalk] (LINK) [This used to be up on Caltech's website, but it appears it has now been posted to YouTube. I have it saved in iTunes, where you can also download it for free, HERE.]

Howard G. Buffett and Howard W. Buffett on the Bryan Callen podcast (LINK)
Related book: 40 Chances: Finding Hope in a Hungry World
James Grant at the Cato Monetary Conference (starting around the 10-minute mark) [H/T James] (LINK) [Grant also recommended the book When Money Dies in the Q&A.]

Jason Zweig on dividend capture (LINK)

Audio Excerpt: The Education of a Value Investor, by Guy Spier (LINK)

Amit Wadhwaney's Lecture to Sanjay Bakshi's students (LINK)

There are now 20 Lectures available in Sam Altman's class on How to Start a Startup (LINK)

How Hedge Fund Titan Jim Chanos Does Art Basel (video) [H/T ValueWalk] (LINK)

Hussman Weekly Market Comment: Peaking Process (LINK)
In my view, we are likely witnessing the peak of the third equity valuation bubble in the past 14 years, the first two which saw major indices plunge by at least 50%. It’s important to recognize that market peaks are a process, not an event. Internal deterioration has actually been developing since early July, and became measurable in early August (see A Hint of Advance Warning). This process has been quite like what we observed in 2007, when deterioration became measurable in July of that year (see Market Internals Go Negative). Despite an initial selloff, the major indices recovered to a marginal new high in October 2007 before continuing lower.
Vishal Khandelwal: 36 Lessons from 36 Years of My Life (LINK)

Book of the day: If This Is a Man and The Truce - by Primo Levi