Friday, February 1, 2019


"Inflation is always a latent danger to an economy. I mean I always think of inflation as being in remission at all times, because it’s something that has a cause that will recur, in terms of human behavior, from time to time, I think, in terms of how legislatures behave and governments behave. So, I think that the probability of high inflation at some point during the next, say, 20 or 30 years is — it’s not a low probability." --Warren Buffett (2003)

The syllabi of Michael Mauboussin's class at Columbia (HERE) and Jerry Neumann’s class at Columbia (HERE) have some great reading recommendations.

Oaktree Capital's Howard Marks speak from the Context Summit – Jan. 30, 2019 (video) (LINK)

Howard Marks on CNBC (LINK)

Origins of Greed and Fear - by Morgan Housel (LINK)

New Details on Amazon, Berkshire Hathaway, JPMorgan Health Venture Emerge in Court Battle ($) (LINK)

Making sense of insider buys/sells - by Chris Mayer (LINK)

MMT: The Good, the Bad and the Ugly - by Cullen Roche (LINK)

The Absolute Return Letter - February 2019: Another Zimbabwe In the Offing? (LINK)

Fire in Venezuela, Part III of, um, II - by Peter Zeihan (LINK)

Exponent Podcast: 161 — Vigilante Justice (LINK)

American Innovations Podcast: Rubber | Things Heat Up | 2 (LINK)

TED Talk: An astronaut's story of curiosity, perspective and change | Leland Melvin (LINK) [Melvin was also one of the astronauts featured in the excellent National Geographic series "One Strange Rock."]

Astronomers accidentally discover a nearby galaxy in a Hubble image! - by Phil Plait (LINK)

Ancient-human species mingled in Siberia’s hottest property for 300,000 years (LINK)

The Special Sleep That Kicks In During a Sickness - by Ed Yong (LINK)

The Wild Experiment That Showed Evolution in Real Time - by Ed Yong (LINK)