Tuesday, May 28, 2019


"We don’t like having excess cash around. We like even less doing dumb deals because we do them forever. I mean, if we make a dumb deal, it just sits there. We don’t resell it three months later by having an IPO of it or something of the sort. So you’re right to say that we should be very uncomfortable about the fact that we’ve got the cash. But it’s also important that we not be so uncomfortable that we go out and do something just to be doing something.... The goal of that cash is to be translated into permanent earning power over time." --Warren Buffett (2006

Jeff Bezos: Big Things Start Small (LINK)

Think Before You Fish for Bargains in Chinese Stocks - by Jason Zweig ($) (LINK)

Kyle Bass: Trouble in Hong Kong- Part Deux (LINK) [Part 1 was HERE.]

Ominous Outlook for Autos & the Economy (w/ Danielle DiMartino-Booth & Daniel Ruiz) [video filmed April 11, 2019] (LINK)

David Epstein went on the EconTalk podcast as well as the Invest Like the Best podcast to discuss his new book, Range: Why Generalists Triumph in a Specialized World (released today).

Venture Stories Podcast: Mental Models with Scott Page (LINK)
Related book: The Model Thinker
The Knowledge Project Podcast: Following Intellectual Curiosity (with Entrepreneur and Investor Thomas Tull) (LINK)

Acquired Podcast: The Electronic Arts IPO (with Trip Hawkins) (LINK)

HBR IdeaCast: 684: Understanding the Space Economy (LINK)

The Peter Attia Drive Podcast: #55 - Jocko Willink (Part I of II) (LINK)