"We only regard errors as being things that are within our circle of competence. So if somebody knows how to make money in cocoa beans, or they know how to make money in a software company or anything, and we miss that, that is not an error, as far as we’re concerned. What’s an error is when it’s something we understand, and we stand there and stare at it, and we don’t do anything. Or worse yet, what really gets me is when we do something very small with it. We do an eyedropper’s worth of it, when we could do it very big." --Warren Buffett
Lessons from Howard Marks’ New Book: “Mastering the Market Cycle – Getting the Odds on Your Side” - by Tren Griffin (LINK)
Why Quant Investor Cliff Asness Is Staying Calm, Despite a Tough 2018 (LINK)
Why Do Computers Use So Much Energy? (LINK)
a16z Podcast: From Research to Startup, There and Back Again (LINK)
The New Atlanta Billionaires Behind An Unlikely Tech Unicorn (LINK)
Reddit: the rancorous rise of a social-media phenomenon (LINK)
Related book: We Are the Nerds: The Birth and Tumultuous Life of Reddit, the Internet's Culture LaboratoryTED Talk: How I climbed a 3,000-foot vertical cliff -- without ropes | Alex Honnold (LINK) [The documentary on the climb is now playing in select theaters as well.]