Friday, November 18, 2016


Capital Allocation Outside the U.S. -- Evidence, Analytical Methods, and Assessment Guidance - by Michael Mauboussin, et al. [H/T @HurriCap] (LINK)

Latticework of Mental Models: Porter’s Five Forces Analysis (LINK)

An interview with Guy Spier (Part 1, Part 2)

Family Feuds: The Promise and Peril of Family Group Companies! - by Aswath Damodaran (LINK)

The Strange Consequences of India’s Banknote Ban (audio plays) [H/T Matt] (LINK)

Valeant's Pharmacy Ties Get Even Murkier (LINK)

Valeant and Philidor after the criminal charges - by John Hempton (LINK)

Wal-Mart Tackles Food Safety With Trial of Blockchain [H/T Matt] (LINK)

Exponent podcast: Episode 096 — Sins of Commission and Omission (LINK)

The Economist reviews the book The Great Convergence: Information Technology and the New Globalization (LINK)

Obama Reckons with a Trump Presidency - by David Remnick (LINK)

Professor Stephen Hawking: Humanity will not survive another 1,000 years if we don’t escape our planet [H/T Will] (LINK)

Charlie Munger flashback of the day.... At the 2015 Daily Journal Annual Meeting, Munger was asked a question relating to how he reads. His response:
"I've never taken notes. I never kept notes when I was a student. I just read what I please when I feel like reading it, and I think what I think when I feel like thinking it. And that's my system. I don't think it's the right system for everybody, but it seems to have worked well enough for me to enable me to get by."