Tuesday, June 5, 2018


"One filter that’s useful in investing is the simple idea of opportunity cost. If you have one opportunity that you already have available in large quantity, and you like it better than 98 percent of the other things you see, well, you can just screen out the other 98 percent because you already know something better. So the people who have a lot of opportunities tend to make better investments than people that don’t have a lot of opportunities. And people who have very good opportunities, and using a concept of opportunity cost, they can make better decisions about what to buy. With this attitude, you get a concentrated portfolio, which we don’t mind." --Charlie Munger

Howard Schultz on CNBC (full interview) (LINK)

Want to Read Michael Lewis's Next Work? You'll Be Able to Listen to It First [H/T Linc] (LINK)

The Cost of Developers - by Ben Thompson (LINK)

Kase Learning Short Selling Conference Presentations 2018 (LINK)

Grant’s Podcast: Read the footnotes (LINK)

Invest Like the Best Podcast: Investing in Artificial Intelligence, with Ash Fontana (LINK)

Niall Ferguson: "The Square and the Tower" | Talks at Google (LINK)

This Fish’s Eyes Turn Black When It Gets Mad - by Ed Yong (LINK)

Bacteria Survive in NASA’s Clean Rooms by Eating Cleaning Products - by Ed Yong (LINK)