Monday, November 23, 2015


Jason Zweig on WealthTrack (video) (LINK)
Related book: The Devil's Financial Dictionary
Even Michael Lewis Was Surprised Hollywood Bet on The Big Short [H/T Linc]  (LINK)
Related book: The Big Short
Why and how do Munger and Buffett “discount the future cash flows” at the 30-year U.S. Treasury Rate? (LINK)

Grant’s bearish view on Valeant from March 2014 (LINK)

Buffett's Grandson Seeks Own Investment Route: Social Change [H/T Will] (LINK)

ValueWalk's three-part interview with Christopher Pavese (LINK) [PDF at bottom of page of all three parts]

Achal Bakeri's talk to Sanjay Bakshi's class at MDI (LINK)

How A “Platform Company” Works: The Shortcomings of DCFs and Why People Miss Lollapaloozas (LINK)

Books of the day:

Essentialism: The Disciplined Pursuit of Less

Luck: The Brilliant Randomness Of Everyday Life

Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change [A book described in Breaking Smart as being "For readers interested in a broad understanding of the economic context of software eating the world, Phelps’ book is probably the single best resource."]