Sunday, November 4, 2018


A reminder to readers, especially those in and around New York City, the super-early-bird pricing for the Project Punch Card Conference ends on November 7th. 


"Once you crank into your mental apparatus that you’re not looking at things that wiggle up and down on charts, or that people send you little missives on, you know, saying buy this because it’s going up next week, or it’s going to split, or the dividend’s going to get increased, or whatever, but instead you’re buying a business. You’ve now set a foundation for going on and thinking rationally about investing. And there’s no reason why you need a high IQ to do that. There’s no reason why you have to be born in some way. I do think there’s certain matters of temperament that may be innate, they may be learned, they may be intensified by experience as you go on, partially innate, but then reinforced in various ways by your experience as you go through life, but that’s enormously important. I mean, you have to be realistic. You have to just define your circle of competence accurately. You have to know what you don’t know and not get enticed by it.... You’ve got to have an interest in money, I think, or you won’t be good in investing. But I think if you’re very greedy, it’ll be a disaster, because that will overcome rationality." --Warren Buffett

Warren Buffett’s Berkshire Hathaway Repurchases More Than $900 Million of Stock ($) (LINK)

Berkshire’s Repurchase Policy: Too Little, Too Late? (LINK)

Howard Marks chats with James Altucher (podcast) (LINK)
Related book: Mastering the Market Cycle
The Tim Ferriss Show: Seth Godin on How to Say “No,” Market Like a Professional, and Win at Life (LINK)
Related book: This Is Marketing: You Can't Be Seen Until You Learn to See  
Related 2010 article (mentioned in the podcast): The world’s worst boss
Elon Musk: The Recode interview (podcast and transcript) (LINK)

Robert Cialdini on the Masters in Business podcast (LINK)

Leithner Letter No. 229-232 (LINK)

Unpacking Industry 4.0 (LINK)

Could Military Veterans Change More Than Control of Congress? - by Evan Osnos (LINK)