Tuesday, September 13, 2016


Ray Dalio: 'Only so much you can squeeze out of a debt cycle' (video) (LINK)

Jim Chanos: Tesla/SolarCity raises governance issues (video) (LINK)

Jim Chanos: Clinton far better candidate than Trump [and some thoughts on Valeant] (video) (LINK)

[More videos from the Delivering Alpha Conference, like the 3 above, are available to view HERE.]

Two Key Checklist Items - by John Huber (LINK)

The Thrill of Losing Money by Investing in a Manhattan Restaurant [H/T @trengriffin] (LINK)

Wells Fargo Exec Who Headed Phony Accounts Unit Collected $125 Million (LINK)

Mark Spitznagel on CNBC (video) (LINK)
Related book: The Dao of Capital
Wilbur Ross on the Hanjin Shipping Company crisis (video) [H/T ValueWalk] (LINK) ["Shipowners, I've learned, are a little bit like real estate developers. If someone will give them the money, they'll build another project."]

Facebook Versus the Media - by Ben Thompson (LINK)

Watch Evolution Occur Before Your Eyes (LINK)
This is truly stunning: Scientists have released a video showing evolution in action. 
They built a table more than a meter long and put down a culture agent that allows bacteria (specifically, E. coli) to grow. But they set it up in a very interesting way. At each end of the table they allowed the bacteria to grow freely. But just inside these free zones they slathered a broad swath of an antibacterial substance, at a dose just more than enough to kill the critters. Then, next to those, they put down stripes at a dose 10 times that needed to kill them. Next to those were stripes 100 times the lethal dose, and then finally, in the center, a hyper-deadly patch 1,000 times stronger than needed to kill the original strain. 
The video of what happens is staggering.