Tuesday, December 16, 2014


Paul Graham: How You Know (LINK)

Eddie Lampert on Sears: Moving Forward (LINK)

Arnold Van Den Berg at Century Management’s 2014 Client Review [H/T GuruFocus] (LINK)

Graham - Newman Letters to Partners 1946 - 1958 (LINK) [I've mentioned these before, but since they are making their rounds again, they are always worthy of mentioning again. As are the papers and lectures of Ben Graham.]

Book of the day (a novel): Waccamaw Gold

Quote of the day: “There never was a sounder logical maxim of scientific procedure than Ockham’s razor: Entia non sunt multiplicanda praeter necessitatem. That is to say; before you try a complicated hypothesis, you should make quite sure that no simplification of it will explain the facts equally well.” -Charles Sanders Peirce