Friday, March 23, 2018


"A really wonderful business is very well protected against the vicissitudes of the economy and competition over time. And I'm talking about businesses that are resistant to effective competition. Three of those will be better than 100 average businesses.  And they'll be safer. There's less risk in owning three, easy-to-identify, wonderful businesses than in owning 50 well known and big businesses. Bad things won't happen to those three. That's one of the characteristics of a wonderful business.  If my own family's fortunes for the next 30 years were dependent on the income from a group of businesses, I can assure you that I'd rather pick three businesses from those we own than own a diversified group of 50." -Warren Buffett [via OID]

AB InBev CEO on Global Growth and SABMiller Acquisition (video) (LINK)

13D Research: The corporate bond market sends a clear message (LINK)

Wayne Huizenga, Empire-Builder in Videos and Trash, Dies at 80 (LINK)
Related book: The Making of a Blockbuster
Shkreli vs. Holmes: 2 Frauds, 2 Divergent Outcomes. Were They Fair? (LINK)

At Columbia, Revisiting the Revolutionary Students of 1968 [H/T @RogerLowenstein] (LINK)

Steven Pinker’s 10 Favorite Books (LINK)

Exponent Podcast: Episode 146 — Facebook’s Real Mistake (LINK)

Bill Irvine talks about his book A Slap in the Face: Why Insults Hurt--And Why They Shouldn't (podcast) (LINK)

What Makes Whales Strand Themselves Together? - by Ed Yong (LINK)