Wednesday, July 25, 2018


"If we’d kept our earlier modes, if we’d never learned, we wouldn’t have done very well. The game of life is a game of everlasting learning. At least it is if you want to win." --Charlie Munger

The time/decision gap - by Seth Godin (LINK)

Mohnish Pabrai talk: "Trust vs. Truth" (LINK)

Auto industry legend CEO Sergio Marchionne dies at age 66 (LINK)

Alphabet may become the Berkshire Hathaway of the internet age on its massive technology bets [H/T Matt] (LINK)

Berkshire's Todd Combs Aided Buffett in Showdown Over USG Transaction [H/T Linc] (LINK) [Details in the SEC filing, for 'Combs'.]

Venezuela's Inflation to Reach 1 Million Percent, IMF Forecasts (LINK)

The Knowledge Project Podcast: Shane Parrish chats with Annie Duke (LINK)
Related book: Thinking in Bets: Making Smarter Decisions When You Don't Have All the Facts
Invest Like the Best Podcast: Bethany McLean – Business Gone Bad and the Art of Persistence (LINK)
Related book (September release): Saudi America: The Truth About Fracking and How It's Changing the World
Bloomberg's Ashlee Vance has an interesting video series called "Hello World" worth checking out (LINK)

A dead star is eating its planets - by Phil Plait (LINK)

Is This Fungus Using a Virus To Control An Animal's Mind? - by Ed Yong (LINK)

Books of the day:

My Father's Business: The Small-Town Values That Built Dollar General into a Billion-Dollar Company

Free Radicals: The Secret Anarchy of Science [mentioned by Bethany McLean in the podcast above]