"Incidentally, the ideal purchase is something you like already when it's selling at a price that makes you want to go out and buy more. And we probably should have done more of that in the past.... That's one of the beauties of marketable securities. When you're in a wonderful business, you do get a chance periodically to double up on it or something of that sort. Were the stock market to sell a lot cheaper than it is now, we'd probably buy more of the businesses we already own. They'd certainly be the first ones we'd think about buying because they're the ones we like best." --Warren Buffett (1998 Berkshire Hathaway Annual Meeting, via Outstanding Investor Digest)
[Grant]: I think when it comes to core family values, we care obviously a lot about generosity and kindness.
One of the things that we discuss at the dinner table every week is… The conversation about “What did you do at school today?” is not that helpful. What’s much more helpful is “what’s something you did for someone else this week?”
...We definitely want our kids to value learning. So one of the principles that we follow is any time they’re interested in learning about something, we’ll find a book on it.
Their challenge then is to learn about it, maybe to teach it to us, which is really fun.
And we get to have a whole discussion about it.Mark Zuckerberg runs a nation-state, and he’s the king (LINK)
The Saudi Crown Prince Thinks He Can Transform the Middle East. Should We Believe Him? [H/T @kevin2kelly] (LINK)
DIA Director's 2018 Professional Reading List [H/T Phil] (LINK)
Understanding China's Rise Under Xi Jingping - by Kevin Rudd [H/T Phil] (LINK)
When a Bigger Penis Means Swifter Extinction - by Ed Yong (LINK)
For one group of tiny crustaceans, the species whose males invest most heavily in sex disappear ten times faster.