Thursday, January 18, 2018


" growth, per se, tells us little about value.  It's true that growth often has a positive impact on value, sometimes one of spectacular proportions.  But such an effect is far from certain.... Growth benefits investors only when the business in point can invest at incremental returns that are enticing - in other words, only when each dollar used to finance the growth creates over a dollar of long-term market value.  In the case of a low-return business requiring incremental funds, growth hurts the investor." - Warren Buffett [expanded quote HERE]

The Art of Asking Good Questions (LINK)

Brent Beshore's 2017 Annual Letter (LINK)

The Pro-business Argument for Single-payer Healthcare [H/T Linc] (LINK)
In spring 2017, billionaire businessman Warren Buffett called the American healthcare system “the tapeworm of American economic competitiveness.” In other developed countries, healthcare is not an impediment to the business model—businesses don’t have to pay for it for their employees. In the United States, the opposite is true. Employers often pay big money to provide healthcare to their employees, decreasing the amount of capital the company has available to grow their business. Single-payer healthcare, a system in which universal healthcare coverage is provided to all citizens by the government, seems like the obvious answer for businesses to save money by avoiding healthcare costs. But Warren Buffett is one of the only large-scale businessmen to support single-payer healthcare.
Freakonomics Radio (podcast): What Does a C.E.O. Actually Do? (Part 1) (LINK)

John Medina: "Brain Rules for Aging Well" | Talks at Google (LINK)
Related video: Arthur De Vany - Renewing Cycles
A Popular Algorithm Is No Better at Predicting Crimes Than Random People - by Ed Yong (LINK)

Why Did Two-Thirds of These Weird Antelope Suddenly Drop Dead? - by Ed Yong (LINK)