Thursday, March 29, 2018


"It isn't the learning that's so hard, but the unlearning." -Charlie Munger

Honoring Toys “R” Us Founder Charles Lazarus - by Ian Cassel (LINK)

The Boyar Value Group has started a podcast, The World According to Boyar, and Chris Mayer is the first guest (LINK)

Why Kim Jong Un Went to China - by Evan Osnos (LINK)

Pmarca Guide to Personal Productivity [H/T @chriswmayer] (LINK)

On Analog Social Media - by Cal Newport (LINK)

What is this galaxy doing without a dark matter halo? - by Phil Plait (LINK)

Freeman Dyson’s life of scientific delight (LINK)
Related book: Maker of Patterns: An Autobiography Through Letters


Another 1996 Berkshire Hathaway Annual Meeting excerpt via OID:
Munger: We have such a fingers and toes-style around here. Warren often talks about these discounted cash flows, but I've never seen him do one.  
Buffett: Some things you only do in private, Charlie.  
Munger: Yeah. If it isn't perfectly obvious that it's going to work out well if you do the calculation, then he tends to go on to the next idea.
Buffett: That's true. It's sort of automatic. If you have to actually do it with pencil and paper, it's too close to think about. It ought to just kind of scream at you that you've got this huge margin of safety.