Long-term Thinking and Back to Basics - by John Huber (LINK)
More than A Dozen Reasons Why Investing in Airlines Belongs in the Too Hard Pile - by Tren Griffin (LINK)
Michael Lewis: the scourge of Wall Street [H/T Linc] (LINK)
Related book: The Big ShortBarrron's thinks Colfax is a tempting long-term buy (LINK)
Amazon is cutting out middlemen to stop bleeding billions in shipping costs [H/T @activiststocks] (LINK)
Hussman Weekly Market Comment: An Imminent Likelihood of Recession (LINK)
Since October, the economic evidence has shifted from supporting a growing risk of recession, to a guarded expectation of recession, to the present conclusion that a U.S. recession is not only a risk but an imminent likelihood, awaiting confirmation that typically only emerges after a recession is actually in progress. The reason the consensus of economists has never anticipated a recession is that so few distinguish between leading and lagging data, so they incorrectly interpret the information available at the start of a recession as “mixed” when, placed in proper sequence, the evidence forms a single, coherent freight train.
Paul Graham essay: Life is Short (LINK)While I’m among the only observers that anticipated oncoming recessions and market collapses in 2000 and 2007 (shifting to a constructive outlook in-between), I also admittedly anticipated a recession in 2011-2012 that did not emerge. Understand my error, so you don’t incorrectly dismiss the current evidence.
Yuval Noah Harari on Why Humans Dominate the Earth: Myth-Making (LINK)
Related book (one of my favorites): Sapiens: A Brief History of HumankindBrightest-ever supernova still baffles astronomers (LINK)
I’m STILL Not Sayin’ Aliens. But This Star Is Really Weird. (LINK)