Friday, October 18, 2019


"The vast majority of today’s negative-yield bonds are in Europe and Japan.  One of the biggest questions surrounds whether negative rates will reach the U.S. This question takes me back to my immediate response to Ian’s suggestion that I write this memo: nobody knows, and certainly not me.  When something hasn’t happened in the past, it’s impossible to be sure you know how it’ll end up.  Different people will express opinions on this subject with differing degrees of confidence.  Yet I remain certain that none of them 'know.'" --Howard Marks ("Mysterious")

Disney, IP, and "Returns to Marginal Affinity" - by Matthew Ball (LINK)

Media mogul Barry Diller: Match is in a ridiculous phase of growth (video) (LINK)

The Rental Economy Is at Risk in a Downturn ($) (LINK)

Are We on the Cusp of the Next Dot-Com Bubble? - by Derek Thompson (LINK)

Disrupting the IPO Process: Challenging the Banker-run Going-Public Model! - by Aswath Damodaran (LINK)

Sohn San Francisco Investment Conference Notes (Part 1, Part 2)

Which Way Do You Run? - by Ben Horowitz (LINK)

Six Trends Revolutionizing Games (LINK)

Hollywood’s Video Game Blind Spot (LINK)

When Medical Debt Collectors Decide Who Gets Arrested [H/T @Atul_Gawande] (LINK)

How To Academy Podcast: Rory Sutherland - How to Be Less Rational (and More Brilliant) [H/T @CravenPartners] (LINK)
Related book: Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life 
Cal Newport and James Clear in conversation (LINK)

Adults Are Getting More Food Allergies. Scientists Still Aren't Sure Why (LINK)

A Hidden World of Strange Starfish-Like Creatures in the Abyss - by Ed Yong (LINK)