Wednesday, July 13, 2016


A big thanks to Andrew for alerting me to a great site to help build some worldly wisdom: CuriosityStream (You can sign up for a 1-month free trial HERE.)

Warren Buffett versus the three-tier drinks system [H/T Linc] (LINK)

Sequoia completely exits Valeant [H/T Matt] (LINK)
As we have previously reported, our longtime chief executive officer and co-manager of Sequoia, Robert D. Goldfarb, retired from our firm at the end of March 2016. Our new leadership elected to sell our position in Valeant Pharmaceuticals, exiting completely by mid-June. Valeant was our largest position to start the year and its 80% decline through June 30 badly penalized our results. For the first half, Sequoia generated a negative 13.2% return vs. a positive 3.8% return for the S&P 500 Index. Absent Valeant, the rest of the Fund’s portfolio generated a positive return of 2.3% for the first half.
A Technical Glitch - by Ben Thompson (LINK)

Ruchir Sharma at the LSE (audio) (LINK)
Related book: The Rise and Fall of Nations: Forces of Change in the Post-Crisis World
Joseph Henrich: "The Secret of Our Success" | Talks at Google [H/T @Jesse_Livermore] (LINK) [There is also a video of Henrich at the LSE HERE from a few weeks ago, which was also posted on the LSE podcast on June 22nd.]
Related book: The Secret of Our Success: How Culture Is Driving Human Evolution, Domesticating Our Species, and Making Us Smarter