Friday, August 21, 2015


This looks like a great event if you're in NYC on November 11th: Berkshire Hathaway 50th Anniversary Symposium [H/T @CunninghamProf] (LINK)

Creating an ideal environment for optimal investment decision making (LINK)


Bernstein: Investors Need to Completely Rethink the Way They Value Media Companies (LINK)

No End in Sight for Oil Glut (LINK)
When oil prices started to edge down a year ago, most energy mavens thought the drop would be small and short-lived. 
Instead, the price of crude has plunged by almost 60% from its 2014 peak—and suddenly looks likely to stay low for months and maybe years to come. The reason: In the global battle for market share, nobody has backed down. Nobody has even blinked. Not Saudi Arabia, not the U.S., and not even troubled producers from Russia to Iraq. Everyone who can seems locked into pumping as much oil as possible.
Aswath Damodaran - Beijing Blunders: Bull in a China Shop! (LINK)

Jim Chanos on CNBC -- Links to videos:
Legendary short seller: China worse than you think 
Chanos: Today's emerging markets not quite like '97 
Chanos short SolarCity 
Chanos remains short Hewlett-Packard
Ant knows how to self-medicate to fight off fungal infection [H/T @SciencePorn] (LINK)

Book of the day: A Short History of Financial Euphoria