Sunday, June 2, 2019


"In 1928 and 1929 there occurred a wholesale and disastrous relaxation of the standards of safety previously observed by the reputable houses of issue. This was shown in the sale of many new offerings of inferior grade, aided in part by questionable methods of presenting the facts to the public. The general collapse in values affected these unsound and unseasoned issues with particular severity, so that the losses suffered by investors in many of these flotations have been little short of appalling." --Benjamin Graham and David Dodd (1934 edition of Security Analysis)

Bill Gates: Grilling and chilling with Warren Buffett (video) (LINK)

Five Lessons from History - by Morgan Housel (LINK)

Buy And Verify - by Ian Cassel (LINK)

Why Your Mortgage is So Complicated: The History and Opportunity of the Modern Mortgage (video) (LINK)

Risks and Opportunities in the Battery Supply Chain (LINK)

The end of mobile - by Benedict Evans (LINK)

Investing in the Podcast Ecosystem in 2019 (LINK)

What Amazon Might Want With Boost Mobile (LINK)

Dyson Patent Applications Offer Hints at Its Electric Car (LINK)

Value Investing with Legends: Overcoming Biases for Effective Decision-Making (with Michael Mauboussin) (LINK)

a16z Podcast: The Economics of Expensive Medicines (LINK)

AI: Hype vs. Reality Podcast: AI That Drives (LINK)
Self-driving cars: the greatest automotive industry disruption since Henry Ford’s Model-T assembly line… just around the corner. Right? That’s the hype—but is it reality? Are we mere blocks away from our neighborhood streets and freeways being filled with autonomous cars? Find out in the premiere episode of AI: Hype vs. Reality, a new podcast and video series in which Jessica Chobot, veteran host of Nerdist News and Bizarre States, puts present-day artificial intelligence technology to the test in real-world situations. And separates the hype from reality.
Masters in Business Podcast: Scott Galloway Discusses the Algebra of Happiness (LINK)
Related book: The Algebra of Happiness
Freakonomics Radio: 379. How to Change Your Mind (LINK)

Why Hundreds of Puffins Washed Up Dead on an Alaskan Beach - by Ed Yong (LINK)

Outspoken Oncology Podcast: Physician, Scientist, and Author Siddhartha Mukherjee (LINK)
Related books: 1) The Emperor of All Maladies: A Biography of Cancer; 2) The Gene: An Intimate History 
Related documentary: Cancer: The Emperor of All Maladies (3-part Ken Burns documentary, and free for Amazon Prime members)
Science Friday Podcast: SciFri Extra: A Relatively Important Eclipse (LINK)
This week marks the 100th anniversary of an eclipse that forever changed physics and our understanding of the universe. 
In May 1919, scientists set out for Sobral, Brazil, and Príncipe, an island off the west coast of Africa, to photograph the momentarily starry sky during a total eclipse. Their scientific aim was to test whether the sun’s gravity would indeed bend light rays from faraway stars, as predicted by Einstein’s theory of general relativity. After analyzing the data from the brief minutes of darkness, they declared Einstein correct. 
Carlo Rovelli, physicist and author, tells Ira the story.