All I Want To Know Is Where I’m Going To Die So I’ll Never Go There (LINK)
Related previous posts: 1) "You have to have a temperament to grab ideas and do sensible things..."; 2) Charlie Munger: This is the way you win big in the world...Bloomberg Surveillance Primetime: Julian Robertson (video) (LINK)
Julian Robertson, Tiger Management's chairman and chief executive officer, sits down with Bloomberg's Tom Keene and Mike McKee to discuss his thoughts on the U.S. presidential election, the stock market, hedge funds and the global economy.Oh, Canada, You Have the Bubbliest City (LINK)
The bubbliest housing market in the world isn’t to be found in Asia, the U.S. or even Europe. Vancouver is the most overpriced city on earth according to an index released by investment bank UBS. Its inaugural Global Real Estate Bubble Index identifies five other global cities that are in “bubble risk” territory: London, Stockholm, Sydney, Munich and Hong Kong.Quants Do the Math on a New Target: Insurance [H/T Will] (LINK)
Grocery Prices Are Plunging [H/T Matt] (LINK)
In a startling development, almost unheard of outside a recession, food prices have fallen for nine straight months in the U.S. It’s the longest streak of food deflation since 1960 -- with the exception of 2009, when the financial crisis was winding down. Analysts credit low oil and grain prices, as well as cutthroat competition from discounters. Consumers are winning out; grocery chains, not so much. Their margins and, in some cases, their stock prices, are taking a hit.Marriott Is Using Its Muscle to Fight Off Expedia and Priceline [H/T Matt] (LINK)
Related previous link: The Definitive Oral History of Online TravelTom Russo's 2nd Quarter Semper Vic Partners Investor Letter [H/T @jvembuna] (LINK)
Legendary value investor Charles Brandes on where he’s investing now (video plays) [H/T Linc] (LINK)
Related book: Brandes on ValueIVA Funds Update Call Transcript (September 13, 2016) [H/T @chriswmayer] (LINK)
The Busyness Paradox, Oliver Burkeman Is Busy (BBC Radio 4) [H/T @TimHarford] (LINK)
An Interview with the Master: Robert Greene on Stoicism (LINK)
Related book: The Daily Stoic: 366 Meditations on Wisdom, Perseverance, and the Art of LivingWhat Separates Champions From ‘Almost Champions’? [H/T @DanielPink] (LINK)
The best goal is also the simplest: Get better. Super champions were driven from within. Their primary concern was self-improvement. They held themselves to high standards, but judged themselves against prior versions of themselves, not against others.
Five wild lionesses grow a mane and start acting like males (LINK)Almost champions, however, were focused on external benchmarks, like national rankings or how they compared to rivals, a mind-set the researchers speculate explains why almost champions got discouraged during rough patches.