Monday, February 4, 2019


"I don’t worry about what I don’t know. I worry about being sure about what I do know." --Warren Buffett (2003)

"Mostly, Berkshire, in its history, has bought common stocks that practically couldn’t fail. But occasionally, Berkshire just makes an intelligent gamble where there’s plenty of chance of failure, but there’s enough chance of success so the gamble is worth taking." --Charlie Munger (2003)

Raising Your Own Rates Even if the Fed Won’t - by Jason Zweig (LINK)
The Federal Reserve signaled on Wednesday that it will be “patient” before raising interest rates again, but you should put your money in motion. 
In a few minutes and with a few clicks of a mouse, you can crank up the yield on your cash by two percentage points, often adding hundreds—even thousands—of dollars to your investment income annually. The only hard part is overcoming your own inertia. 
The nearly $8 trillion of cash in savings deposits at commercial banks is earning interest at an average rate of 0.09%. The more than $1 trillion of cash at brokerage firms is paying investors just under 0.3% on average, estimates Peter Crane, president and publisher of Crane Data, a firm that monitors cash and other short-term investments. 
Meanwhile, savings accounts at online banks and short-term U.S. Treasury securities are yielding 2% to 2.5%. Savings accounts are federally insured against loss, generally up to $250,000; U.S. Treasurys are considered risk free.
Real Vision has made the November 2017 conversation between Grant Williams and Marc Cohodes free to the public [since a new conversation was released this past Friday] (video) (LINK)

One-time bond king Bill Gross to retire from Janus Henderson (LINK)

a16z Podcast: Product-Market Sales Fit (What Comes First?) (LINK)

Jack Dorsey talks with Joe Rogan (podcast) (LINK)

Compounding Knowledge (LINK)

T R I A N G U L U M - by Phil Plait (LINK)