Monday, February 11, 2019


"We like to go in heavy. I mean, if we want to invest in a business through the stock market, we want to put a lot of money in. We do not believe in a little of this and a little of that.... Good ideas are too scarce to be parsimonious with once you find them." --Warren Buffett (2003)

Big News for Small Business from Berkshire Hathaway [H/T Linc] (LINK)

How Jeff Bezos Sees the Press: An Interview with the Journalist Brad Stone (LINK)

Forget the 401(k). Let’s Invent a New Retirement Plan. - by Jason Zweig (LINK)

FDR Weighs In on the Buyback Debate - by Jason Zweig ($) (LINK)
Amid the Great Depression, the president warned about the ‘evil’ of companies that weren’t returning enough cash to investors
Star Stockpicker Exits the Hedge Fund Stage ($) (LINK)
The golden age of the star stock picker has come and gone. 
Big names like Peter Lynch, David Einhorn, and Bruce Berkowitz are today either fuzzy memories or else they’ve gone through enough rocky patches to tarnish their once-stellar track records. 
Yet in a little noticed move, the most successful fundamental stock picker of them all quietly stepped down as portfolio manager last month—Steve Mandel of Lone Pine Capital.
Sanjay Bakshi on discovering Buffett, and how investors can profit from inefficient markets (Part 1) [H/T Linc] (LINK)

January 2019 Data Update 8: Dividends and Buybacks - Fact and Fiction - by Aswath Damodaran (LINK)

The Five Families of Feces [H/T @BrentBeshore] (LINK)
The porta-potty business is as dirty as you’d think. But one man keeps coming up smelling like roses.
Lessons from Keith Rabois [H/T @benthompson] (Essay 1, Essay 2)

Zucked author Roger McNamee on the Recode Decode Podcast (LINK)
Related book: Zucked: Waking Up to the Facebook Catastrophe
Breathe easy: You have an extra 600 million years before Andromeda crashes into us - by Phil Plait (LINK)

The Women Who Contributed to Science but Were Buried in Footnotes - by Ed Yong (LINK)