Tuesday, January 20, 2015


Sixteen Investing Lessons From Walter Schloss (LINK)

Greenlight Capital Q4 2014 Letter to Investors (LINK)
At last year's Sohn Investment Conference, Stan Druckenmiller introduced Zachary Schreiber as a rising star. Zach lived up to the praise with a compelling presentation predicting a sharp fall in WTI oil prices, leading us to review our exposure. In mid-June we sold enough WTI oil futures to offset the subsequent declines in our positions in Anadarko, BP, McDermott International and National Oilwell Varco, all of which we effectively exited at their higher June prices
Tim Harford: The power of saying no (LINK)
Related book: The Power of No
John Mauldin's Thoughts from the Frontline - The Swiss Release the Kraken! (LINK)

Mark Buchanan: Presuppositions and idealizations... (LINK)

Lunch with the FT: Marc Andreessen [H/T The Big Picture] (LINK)

Albert Edwards – “Markets to Riot” (LINK)

Michael Covel podcast episodes with Daniel Simons (LINK) and Meb Faber (LINK)

Some people really are better at predicting the future. Here are the traits they have in common. [H/T @PunchCardBlog] (LINK)

Cone snail deploys insulin to slow speedy prey (LINK)
Fish-hunting cone snails release insulin that can work as a weapon, sending nearby prey’s blood sugar plummeting and making the groggy fish easy for a less-than-speedy snail to catch.
Cringe away, guys — this spider bites off his own genitals (LINK)

The importance of food, jealousy, and paternal care in the evolution of owl monkey monogamy (LINK)