As Brexit and China worries persist, I keep thinking about this quote from Charlie Munger: "We're emphasizing the knowable by predicting how certain people and companies will swim against the current. We're not predicting the fluctuation in the current."
Over an extended holiday weekend visit to Believeland, I was able to get most of the way through the book Shoe Dog. It is one of the best business biographies I've come across, and I highly recommend it. The qualities of persistence and endless trial-and-error (especially in the early years) that are evident in many of the great business success stories are in full force with the story of Phil Knight.
CEOs relish 'unique' benefits of being a Buffett-owned business, despite some downsides [H/T @CunninghamProf] (LINK)
The Bezos Effect: How Amazon’s Founder Is Reinventing The Washington Post – and What Lessons It Might Hold for the Beleaguered Newspaper Business [H/T Linc] (LINK)
Bill Gross' July 2016 Investment Outlook (LINK)
Energy limits: Why we see rising wealth disparity and low prices (LINK)
Richard Duncan: Forget Brexit, China’s The Real Crisis (video) (LINK)
Episode 04 of Malcolm Gladwell's Revisionist History podcast (LINK)
The current Audible sale is 50% off the Classics Genre through July 11th at 11:59 PM PT. There are a lot of them, so if you are an Audible member you can take some time to explore them. But here are some that either caught my eye or ones that were already on my wish list that I noticed:
The Way to Wealth – by Benjamin Franklin
The Autobiography of Charles Darwin
The abridged version of On the Origin of Species read by Richard Dawkins
The abridged version of The Voyage of the Beagle read by Richard Dawkins
The Iliad
The Odyssey
The Complete Essays of Montaigne
The South Sea Bubble and Tulipomania: Financial Madness and Delusion – by Charles Mackay [Two chapters from Extraordinary Popular Delusions and The Madness of Crowds.]
The Complete Stories of Sherlock Holmes, Volume 1
The Complete Stories of Sherlock Holmes, Volume 2
The Age of Reason – by Thomas Paine
Our Constitution: The Complete United States Constitution
The Prince - by Niccolo Machiavelli
As a Man Thinketh - By James Allen
Zorba the Greek
To Kill a Mockingbird
Treasure Island
A Tale of Two Cities
Atlas Shrugged
The Problems with Philosophy - by Bertrand Russell
The Prophet & The Wanderer - by Khalil Gibran
On the Road - by Jack Kerouac
The Dharma Bums - by Jack Kerouac
The Old Man and the Sea - by Ernest Hemingway
Green Hills of Africa - by Ernest Hemingway
A Moveable Feast - by Ernest Hemingway
Adventures of Huckleberry Finn - by Mark Twain
Plato's Republic
The Great Courses: Masters of Greek Thought: Plato, Socrates, and Aristotle
The Great Courses: Plato, Socrates, and the Dialogues
The Great Courses: An Introduction to Greek Philosophy