Monday, September 3, 2018


"It just stands to reason that you copy, very much, the people that you do look up to, and particularly if you do it at an early enough age. So I think, if you can influence the...role models of a 5-year-old or an 8-year-old or a’s going to have a huge impact. And of course, everybody, virtually, starts out with their initial models being their parents. So they are the ones that are going to have a huge effect on them. And if that parent turns out to be a great model, I think it’s going to be a huge plus for the child. I think that it beats a whole lot of other things in life to have the right models around.... Even as I’ve gotten older, I’ve picked up a few more. And it influences your behavior. I’m convinced of that.... And it’s not complicated. Nothing could be more simple than to try and figure out what you find admirable and then decide...that the person you really would like to admire is yourself. And the only way you’re going to do it is take on the qualities of other people you admire." --Warren Buffett

"There is no reason, also, to look only for living models. The eminent dead are, in the nature of things, some of the best models around. And, if a model is all you want, you’re really better off not limiting yourself to the living. Some of the very best models have been dead for a long time." --Charlie Munger

Warren Buffett's interview on Bloomberg last week (video) (LINK)

John Malone: 'I told Warren Buffett not to invest in Bill Gates before Microsoft went public' [H/T Linc] (LINK)

A Conversation with Paul Graham - Moderated by Geoff Ralston (video) (LINK)

The Next Financial Crisis Lurks Underground - by Bethany McLean (LINK)
Related book: Saudi America: The Truth About Fracking and How It's Changing the World
How the Chinese business elite think of America... (via John Hempton) (LINK)

The Absolute Return Letter, September 2018: Private Credit Demystified (LINK)

Tesla, software and disruption - by Benedict Evans (LINK)

All Things Sales! 16 Mini-Lessons for Startup Founders (LINK)

“Cheesy Dad” Readings and Reflections - by Chris Pavese (LINK)