"I think it is entirely fair, as an investor, to just quitclaim certain areas of business as having too many problems." --Charlie Munger (2002)
The church of chicken: The inside story of how Chick-fil-A used Christian values and a 'clone army' to build a booming business that's defying the retail apocalypse and taking over America [H/T @zebulgar] (LINK)
Related books: 1) Covert Cows and Chick-fil-A: How Faith, Cows, and Chicken Built an Iconic Brand; 2) How Did You Do It, Truett?New CEO Wants to Make Barnes & Noble Your Local Bookstore ($) [H/T Phil] (LINK)
The growing threat of a corporate bond market meltdown. (LINK)
Argentina's 48% Stock Rout Second-Biggest in Past 70 Years (LINK)
The surprise outcome in Argentina’s primary vote roiled the nation’s financial markets, sending the S&P Merval Index plunging 48% in dollar terms.
A Danish bank is offering mortgages with negative interest rates — why you shouldn't wish for that to happen in the U.S. [H/T Matt] (LINK)That marked the second-biggest one-day rout on any of the 94 stock exchanges tracked by Bloomberg going back to 1950. Sri Lanka’s bourse tumbled more than 60% in June 1989 as the nation was engulfed in a civil war.
The World’s Newest Petrostate Isn’t Ready for a Tsunami of Cash [H/T Matt] (LINK)
Storytelling with Data - by Chris Pavese (LINK)
Ramit Sethi on the Impact Theory Podcast (video) [H/T @dollarsanddata] (LINK)
Related book: I Will Teach You to Be RichLand of the Giants Podcast: Why the Robot Revolution is Our Fault (LINK)
Matt Ridley chats with Steve Forbes (podcast) (LINK)
The Anthropocene Is a Joke - by Peter Brannen (LINK)
One Giant Leap for Maggotkind - by Ed Yong (LINK)
A New Clue to How Life Originated - by Ed Yong (LINK)