Monday, February 13, 2017


"I'll fight tooth and nail to make something succeed. But the moment I realize it's not going to succeed, the next day, I will have forgotten about it. I will just move on to the next venture."-Richard Branson

The Most Powerful Mental Model for Identifying Stocks - by Vishal Khandelwal (LINK)

A Dozen Lessons on Growth - by Tren Griffin  (LINK)

Steve Eisman: “They mistook leverage for genius” (video) [H/T Santangel’s Review] (LINK)

The World According to a Free-Range Short Seller With Nothing to Lose (LINK)
Marc Cohodes, the scourge of Wall Street, is back. And he’s passing along his “dying art” to a new generation of troublemakers.
How J.P. Morgan Won, Then Lost, Indonesia’s Business [H/T Matt] (LINK)
On the Sunday after Donald Trump won the U.S. presidential election, sparking turmoil in emerging markets, J.P. Morgan Chase & Co. downgraded Indonesia’s stock market. The move set off a chain reaction that resulted in the New York bank losing Indonesia as a client. 
Investments banks have long weathered complaints that their research departments, which make calls on stocks, bonds and other assets, aren’t truly independent from their investment-banking operations, which pitch deals to companies and governments. 
But in Indonesia, and other parts of Asia, government officials’ expectations for positive research are unabashed and unapologetic. That means global banks walk a fine line when publishing research their investment-banking clients don’t like. 
In Asia, some bankers say they are routinely quizzed about their research teams’ reports when bidding for government business. In Indonesia, central-bank employees roam trading rooms, urging traders to be patriotic by refraining from selling the rupiah when the currency is under pressure, traders say.
The Next Big Blue-Collar Job Is Coding [H/T @BrentBeshore] (LINK)

Snap's Apple Strategy - by Ben Thompson (LINK)

How I Built This podcast -- Lyft: John Zimmer (LINK)

A16z video: Software Secures the World (LINK)

What We Don’t Do - by Fred Wilson (LINK)

The Key to Good Luck Is an Open Mind (LINK)

Book of the day [H/T @mikedariano]: A Field Guide to Lies