Tuesday, August 20, 2019


"We don’t try to buy our businesses with thoughts much of world trends. We certainly think in terms of foreign competition. I mean, we do not want to buy into a business that has a very high labor content and that has a product that can be shipped in from abroad very easily.... You do not want to have something whose competitive position is going to erode over time." --Warren Buffett (2007)

Berkshire Hathaway Energy Presentation (LINK)

Why Complexity Sells - by Morgan Housel (LINK)

Peter Barton: Oral and Video Collection Interview [H/T Sean Iddings/Intelligent Fanatics] (LINK)
Related book: Not Fade Away: A Short Life Well Lived
Thinking aloud about bank margins - Part 2 - by John Hempton (LINK)

The WeWork IPO - by Ben Thompson (LINK)

A short extract from a 2017 presentation by Grant Williams which highlights the madness of investors buying the 100-year Argentine bond issuance (video) (LINK)

Kyle Bass on CNBC (video) (LINK)

Invest Like the Best Podcast: Joe McLean – How to be a Pro’s Pro (LINK)

Land of the Giants Podcast: How Amazon Charmed Wall Street (LINK)

Is nuking Mars a good idea? (No) - by Phil Plait (LINK)