Wednesday, January 23, 2019


"While investors will obviously achieve the best results by remaining rational thinkers at all times, this is easier said than done. In the financial markets, emotion often takes over, and greed and fear come to dominate investor behavior. Even those who are aware of this, who expect always to invest rationally and to be able to resist their own greedy temptations and panicky reactions, cannot always carry through on their plans." --Seth Klarman (January 2008)

The Investor Seth Klarman, in a Rare Interview, Offers a Warning. Davos Should Listen (LINK)

List of Q4 2018 Investor Letters (to be updated as more become available) [H/T @MineSafety10k] (LINK)

CNBC's Davos interviews with Bill Gates, Jamie DimonDara Khosrowshahi, and Carlos Brito.

Davos panel videos: Financial Innovation for Global Health (Bill Gates, et al.), Business Leadership in the Fourth Industrial Revolution, Safeguarding Our Planet, and more available HERE.

Silicon Valley’s Unbridled Optimism Gets Fresh Reality Check (LINK)

The Investing City Podcast -- Brent Beshore: Business as a Service (LINK)
Related book: The Messy Marketplace
The Bill Simmons Podcast: Twitter CEO Jack Dorsey (LINK)

Book of the day: Ackoff's Best: His Classic Writings on Management