Monday, September 4, 2017


Philosophical Economics: Profit Margins, Bayes’ Theorem, and the Dangers of Overconfidence (LINK)

2006 paper from Michael Mauboussin -- "Expectations Investing: Reading Stock
Prices for Better Returns" (LINK)

FRMO August 2017 Letter [H/T @BluegrassCap] (LINK)

A Dozen Lessons about Investing and Money from Dan Ariely - by Tren Griffin (LINK)
Related book (to be released in November): Dollars and Sense: How We Misthink Money and How to Spend Smarter
Mutual Fund Observer, September 2017 (LINK)

Kroger Seeks to Repel Amazon’s Onslaught ($) (LINK)

Has disruption from e-commerce run its course? (LINK)

These Robots Are Using Static Electricity to Make Nikes [H/T @kevinroose] (LINK)

Sheryl Sandberg Just Gave Some Brilliant Career Advice. Here It Is in 2 Words [H/T @ChrisPavese] (LINK)
I want you to think about the following question, because it can mean the difference between just getting through the day at work, and doing the best work of your life.  
What's the most important thing you can get done today? 
Sheryl Sandberg recently spoke to Inc. to share some lessons learned over the years. One concept she spoke about really resonated with me. 
It's called:  
Ruthless prioritization. 
"I think the most important thing we've learned as we've grown is that we have to prioritize," said Sandberg. "We talk about it as ruthless prioritization. And by that what we mean is only do the very best of the ideas. Lots of times you have very good ideas. But they're not as good as the most important thing you could be doing. And you have to make the hard choices."
a16z Podcast: Competing Against Luck (LINK)
Related book: Competing Against Luck  
Related previous conversation between Christensen and Andreessen: a16z Podcast: Disruption in Business… and Life
Prof Scott Galloway’s 10 Rules for Your Career (LINK)

An old post I was reminded of and have been thinking about today: Charlie Munger on how he invested when younger compared to today, and how he reads books