Tuesday, October 24, 2017


"I think 'virtue' sometimes gets a bad name, especially on the left, because it’s so associated with the Christian virtues and Christianity. But I think if we go back to an older Greek notion, where the virtues are excellences, arêtes. The arête, or excellence of a person is — well, there are many: to be hospitable, to be kind, to be honorable and honest. There are many virtues of a person. So I do think that virtue ethics is the only philosophical theory that matches human nature. I’d like to see us return to talking about virtues and teaching kids virtues." - Jonathan Haidt (Source ---- See also: Areté)

Further Analysis of Multi-Bagger Stocks (LINK)

Baupost's Klarman: Investors are asking the wrong question about the stock market (LINK)

Hedge fund Baupost snaps up claims against Toshiba [H/T Will] (LINK)

Horizon Kinetics: 3rd Quarter Commentary (LINK)

Vicksburg native meets Warren Buffett [H/T Linc] (LINK)
“The first question we asked was if somehow his worth was reduced to just one million, then would he be able to do it all over again in today’s environment because the environment has changed so much since he started investing and buying companies,” Rutherford said. “He said he would be able to. He said it would be very difficult. He wouldn’t be able to do it in the exact same way, but he said he would be able to he thinks because he gets his edge from being so interested in the subject.”
Reboot for the AI revolution - by Yuval Noah Harari [H/T Tamás] (LINK)
Related book: Homo Deus
The War To Sell You A Mattress Is An Internet Nightmare [H/T Matt] (LINK)

Young subscribers flock to old media [H/T Linc] (LINK)

The Art-World Insider Who Went Too Far (from 2016) [H/T @patrick_oshag] (LINK)

Invest Like the Best Podcast: Ladder: The Fitness Marketplace, w/ Brett Maloley (LINK)
This week’s episode is part of an experiment and so requires a longer than normal introduction. 
I’ve come to view this podcast as a learning tool, a means to understand a new topic in a short window of time. One of those areas is venture capital and startups—an area that one year ago was completely foreign to me. I think the best way to learn is aggressive immersion in a topic along with some consequences, what we often call some skin in the game. Accordingly, this is a conversation with the founder of a startup in which I am an investor.
Walter Isaacson talks with Kara Swisher on the Recode Decode podcast: What can Leonardo da Vinci teach us about tech? (LINK)
Related book: Leonardo da Vinci
The Deadly Panic-Neglect Cycle in Pandemic Funding - by Ed Yong (LINK)