"Our outlook for inflation is always the same. We feel there's a big bias toward inflation - both in the U.S. and around the world. But our objective is not to profit from it as much as it is to avoid disaster. Our outlook leads to our buying businesses with the same characteristics that are good in low inflation - namely pricing flexibility, high returns on capital, profits received in cash and so forth." - Warren Buffett, 1988 Berkshire Hathaway Annual Meeting [via OID] [Related link: Warren Buffett’s Comments on Inflation]
Investing is Hard - by Ian Cassel (LINK)On Social Media and Its Discontents - by Cal Newport (LINK)
Ryan Holiday speaks with James Altucher about his latest book, Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue (podcast) (LINK)
What’s Next for Humanity: Automation, New Morality and a ‘Global Useless Class’ (LINK)
The Death of the Last Male Northern White Rhino Won’t Change the Species' Fate - by Ed Yong (LINK)