Monday, December 3, 2018


"For what the investor chiefly wants to learn from an annual report is the indicated earning power under the given set of conditions, i.e., what the company might be expected to earn year after year if the business conditions prevailing during the period were to continue unchanged." --Benjamin Graham and David Dodd (Security Analysis: Sixth Edition)

5 books I loved in 2018 - by Bill Gates (LINK)
The books: 1) Educated: A Memoir - by Tara Westover; 2) Army of None - by Paul Scharre; 3) Bad Blood - by John Carreyrou; 4) 21 Lessons for the 21st Century - by Yuval Noah Harari; 5) The Headspace Guide to Meditation and Mindfulness - by Andy Puddicombe
Managing Risk and Uncertainty: The Future of Insurance (video) (LINK)

Investors Rev Up the Risk in Subprime Auto Deals (LINK)

What’s Really Happening to Retail? - by Derek Thompson (LINK)

Investing Whiplash: Looking for Closure with Apple and Amazon! - by Aswath Damodaran (LINK)

Jonathan Tepper discusses his book, The Myth of Capitalism, on The Jolly Swagmen Podcast (LINK)

Planet Money Podcast: The Secret Target (LINK)
Their plan was dangerous, risky, and extremely unpopular. But America copied them anyway. Today on the show: how a tiny country on the other side of the world changed how America runs its economy.
Exponent Podcast: Rent-Seeking (LINK)
Ben and James talk about Apple’s case in front of the Supreme Court, and debate whether the company is acting anti-competitively with its App Store policies.
Pivot Podcast: Microsoft is more valuable than Apple again. Why? (LINK)

George H.W. Bush and the Price of Politics - by Jon Meacham (LINK)