Friday, August 16, 2019


“Busts are the product of booms, and I’m convinced it’s usually more correct to attribute a bust to the excesses of the preceding boom than to the specific event that sets off the correction. But most of the time there is a spark that starts the swing from bullish to bearish.” --Howard Marks (“Now What?,” January 2008)

Pershing Square's reason for buying shares in Berkshire Hathaway [pages 10-12 of report] (LINK)

John Hempton on the Markopolis GE paper (Post 1Post 2)

Why Viacom Fell (And Why It Can Come Back) (LINK)

Pushing on a String - by Frank K. Martin (LINK)

WeWork IPO Shows It’s the Most Magical Unicorn (LINK)
Everything about the company is over-the-top: its growth, losses, potential conflicts of interest and financial gymnastics.
What is We!? Understanding the WeWork IPO - by Byrne Hobart [H/T @BrentBeshore] (LINK)

The Disruptive Voice Podcast: A Jobs-To-Be-Done Masterclass with Andrew Glaser and Bob Moesta (LINK)

Revisionist History Podcast: Chutzpah vs. Chutzpah (LINK)

A Tissue Sample From 1966 Held Traces of Early HIV - by Ed Yong (LINK)