Monday, June 10, 2019


"With all of these new helpers in the world, they talk about doing deals. That is not the mindset at Berkshire. We are trying to welcome partners. It’s a total different mindset. The guy who’s doing a deal, he wants to do the deal and unwind the deal and — not too far ahead and make a large profit, et cetera, and that’s not our mindset at all. We like the things that we can buy and that never leave us, and we like the relationships that last and are fruitful, not just for us, but for the people working there and the customers and everybody else." --Charlie Munger (2006)

Tech and Antitrust - by Ben Thompson (LINK)

How Aldi, a brutally efficient grocery chain, is upending America's supermarkets [H/T @pcordway] (LINK)

50 Things I’ve Learned in the First 90 Days of Running a Company [H/T @BrentBeshore] (LINK)

Meet the Money Whisperer to the Super-Rich N.B.A. Elite (LINK)

Secrets of Sand Hill Road (Venture Capital and How to Get It) — Know Venture Capital Before You Get Married to a Venture Capitalist - by Tren Griffin (LINK)
Related book: Secrets of Sand Hill Road
How I Built This Podcast: Allbirds: Tim Brown & Joey Zwillinger (LINK)

Venture Stories Podcast: A Deep Dive on Education with Dani Grant (LINK)

Dan Carlin's Hardcore History: Addendum (podcast): EP8 Caesar at Hastings (LINK)

‘Drunken Monkey’ Hypothesis: Was Booze an Advantage For Our Ancestors? (LINK)


Markets can be weird and irrational stat of the day (via @charliebilello from last Friday):
5-Year Bond Yields, June 2015...
Greece: 17%
US: 1.75% 
5-Year Bond Yields, Today...
Greece: 1.68%
US: 1.82%