Thursday, October 25, 2018


"There will be a battle, always, between brands and retailers, because the retailer would like his name to be the brand. And, to the extent that people trust Costco or Walmart more than they — or as much as — they trust the brand, then the value of having the brand moves over to the retailer from the product itself." --Warren Buffett (2001 Berkshire Hathaway Annual Meeting)

A few more Howard Marks appearances as he was making his rounds discussing Mastering the Market Cycle (Bloomberg, ET Now, Motley Fool)

Role of the State: Hitler and FDR’s Response to the Great Depression (LINK)

10 Toxic Character Types To Avoid Hiring At All Costs - by Robert Greene (LINK)
Related book: The Laws of Human Nature
Episode 2 of the Freakonomics "How to Be Creative" series: Where Does Creativity Come From (and Why Do Schools Kill It Off)? (podcast) (LINK)

The Richest Woman in America: Hetty Green in the Gilded Age (video) (LINK) [I don't have access to the whole article, but Warren Buffett also recommended an article on Hetty Green, "She Had to Have It," back in 2001, and mentioned that she "was one of the original incorporators of Hathaway Manufacturing, half of our Berkshire Hathaway operation, back in the 1880s."]
Related book: The Richest Woman in America: Hetty Green in the Gilded Age - by Janet Wallach
The Recurring Puzzle of an Illness That Paralyzes Children - by Ed Yong (LINK)