Value Investing World

Monday, August 16, 2010

John Mauldin: The Gulf Oil Spill Disaster

As I mentioned last Monday night in my Outside the Box, I did not make it to Turks and Caicos, but did end up in Baton Rouge for a special seminar on the Deepwater Horizon Gulf oil spill. I have both good news (or maybe more like less-bad news) and bad news. Today's letter is a report on what I learned.

The conference was sponsored by the Global Interdependence Center (GIC - http://www.interdependence.org/). David Kotok of Cumberland Advisors organized the event with help from people from Louisiana State University. The quality of the speakers was outstanding. They were extremely knowledgeable and well-connected. The meeting was conducted under the Chatham House Rule, which means all the speakers spoke off the record, unless they indicated otherwise. This allows for a more frank discussion. So, much of what you will read from me is my impressions of what I heard, which I cannot attribute to specific speakers. Indeed, some would be at some occupational risk if I did so.

Some of what I write today will be controversial to some readers. That is a risk I will take, as the large majority will find this interesting, or at least I hope so.

Posted by Joe at 8/16/2010
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Value Investing World is a blog dedicated to promoting the multidisciplinary approach to investing and development of – as Charlie Munger describes it – a latticework of mental models. Although largely focused on linking to investing and economic material it deems of interest, it will also post and link to material from other disciplines that it thinks worth reading or watching.

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  • Dr. Peter Drucker: FEEDBACK: KEY TO CONTINUOUS LEARNING
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Charlie Munger

  • Poor Charlie's Almanack
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  • NOTES: Charlie Munger - USC Law School Commencement - May 13, 2007
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Warren Buffett

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Ben Franklin

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Benjamin Graham

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Peter Bevelin

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Howard Marks

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  • Book: The Most Important Thing
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Seth Klarman

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Michael Mauboussin

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  • Operating Leverage

Diversification

  • Warren Buffett on Diversification - 1966
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Checklists

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Expert Performance / Self-Improvement

  • Bill Gates quote from Charlie Rose interview (or, how the world's best companies are built by fanatics)
  • Dr. Peter Drucker: FEEDBACK: KEY TO CONTINUOUS LEARNING
  • What it takes to be great

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