"Most people are going to get a very small real return from investment after considering inflation and taxes. I think that’s an iron law of the world and if, for a brief period, some of us do better than that, we ought to be very thankful. One of the great defenses to being worried about inflation is not having a lot of silly needs in your life. In other words, if you haven’t created a lot of artificial demand to drown in consumer goods, why, you have a considerable defense against the vicissitudes of life." --Charlie Munger (2004)
Martin Capital Management 2018 Annual Report (LINK)
Investors Get Burned After Betting on Electric-Car Metals (LINK)
Markets like stocks and oil have rebounded this year, but cobalt and lithium continue to fall
Grant’s Current Yield Podcast: Take 5 (LINK)
Barry Diller on the Recode Decode Podcast (LINK)
a16z Podcast: Who’s Down with CPG, DTC? (And Micro-Brands Too?) (LINK)
Healthy Eating and Intermittent Fasting - by Jana Vembunarayanan (LINK)
Opportunity lost... but more will arise - by Phil Plait (LINK)
On June 10, 2018, the people of Earth received their last transmission from the Opportunity rover of Mars.
Now, 248 days later, scientists and engineers at NASA's Jet Propulsion Lab have had to make a hard decision: They have declared the rover dead. The mission is over.