Sunday, November 3, 2019


"In general terms, unless you find the prices of a great company really offensive.... I think it’s better just to own them. We could attempt to buy and sell some of the things that we own that we think are fine businesses. But they’re too hard to find.... So, to sit there and hope that you buy them in the throes of some panic, that you sort of take the attitude of a mortician, waiting for a flu epidemic or something.... I’m not sure that will be a great technique....  I think the main thing to do is find wonderful businesses.... We’ve had our share of flu epidemics. But you don’t want to spend your life waiting around for them." --Warren Buffett (1996)

"By definition, a great company is one that’s going to remain great for 30 years. If it’s going to be a great company for three years, it ain’t a great company. So, you really want to go along with the idea of something that, if you were going to take a trip for 20 years, you wouldn’t feel bad leaving the money in with no orders with your broker and no power of attorney or anything, and you just go on the trip. And you know you come back, and it’s going to be a terribly strong company." --Warren Buffett (1996)

Berkshire Hathaway's Cash Pile Hits a Record ($) (LINK)

The Making of the World’s Greatest Investor ($) (LINK)
Related book: The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution
Masters in Business Podcast: Gregory Zuckerman on the Quant Revolution (LINK)

Sometimes the Stock Market Needs ‘Knights of Faith’ - by Jason Zweig ($) (LINK) [Zweig also added some more detail HERE.]

The Absolute Return Letter - November 2019: How to invest in a low growth world (Part 2 of 2) (LINK)

Ray Dalio on The David Rubenstein Show (video) (LINK)

Value Investing with Legends Podcast: Leon Cooperman - Looking For More For Less (LINK)

a16z Podcast: Come for the Games, Stay for the Party (LINK)

Think Again Podcast: 218. Bill Bryson – the most extraordinary machine (LINK)
Related book: The Body: A Guide for Occupants 
A ‘Horror Movie’ Fish That Moves on Land—Or Does It? (LINK)