Wednesday, January 7, 2015


There a connection I just noticed between Peter Kaufman's idea of ‘exploiting unrecognized simplicities’ and Nassim Taleb's idea of implementation and the half-invented, for those that also find it interesting.

Robert Shiller Spotted the Last Two Bubbles—Here’s What He Says About the Bond Boom (LINK)
Related book (soon-to-be-released 3rd edition): Irrational Exuberance
The Simple Concept of Intrinsic Value (LINK)

Kyle Bass: We'll go after drugmakers' patents (LINK)

Investment Firm 3G Capital Eyes Next Targets (LINK)

Darren Gee's Monthly Report for January 2015 - A Whole New World (LINK)
At year end, it wasn't the weaker gas prices that were particularly newsworthy - we've been there for a while - it was the new oil price which, if it stays here for long, creates a whole new world.
Miners face challenge tapping copper opportunities (LINK)
To meet global demand over the next decade, the industry “will have to add the equivalent of a new Escondida every 15 months”, says Jean-Sebastien Jacques, head of copper at Rio Tinto, which owns a minority stake in the mine. First Quantum, a mid-tier copper miner, says that if China, India and Brazil were to reach EU levels of copper use by 2020, it would imply nine new Escondidas. 
Such predictions explain why big UK miners are talking up their growth potential in copper, even though worries over Chinese demand have driven the price of the metal to its lowest since 2010. 
Both Rio and BHP believe the copper market is oversupplied now but will tighten from 2018, with growing deficits.
The real story behind Jeff Bezo’s Fire Phone debacle and what it means for Amazon’s future (LINK)

The Economics (and Nostalgia) of Dead Malls (LINK)

Author Says a Whole Culture—Not a Single 'Homer'—Wrote 'Iliad,' 'Odyssey' (LINK)
Related books: Why Homer MattersThe OdysseyThe Iliad
Book of the day, which I just added to the list of other books that I mentioned in the "Fundamentals..." post: Understanding Michael Porter: The Essential Guide to Competition and Strategy