Monday, November 11, 2019


"We really like things that you don’t have to carry out to three decimal places, you know. If you have to carry it out to three decimal places, it’s not a good idea.... It’s like if somebody walked in the door here and they weighed somewhere between 300 and 350 pounds. I might not know how much they weigh, but I would know they were fat. That’s all I’m looking for, is something that’s financially fat." --Warren Buffett (2008)

Jamie Dimon on "60 Minutes" (video) (LINK)

Chuck Akre and John Neff of Akre Capital Management on WealthTrack (video) (LINK)

Ironing Out an Investing Mystery - by Jason Zweig ($) (LINK)
‘Earnings management’ has become even more widespread in emerging markets than in developed markets like the U.S.
Pensions Venture Into Risky Corners of the Market in Hunt for Returns ($) (LINK)

Wise fiscal policy is not about helicopter money - by Claudio Borio (LINK)

The new dot com bubble is here: it’s called online advertising (LINK)

What is the endgame for Disney+? (LINK)

EconTalk Podcast: Rory Sutherland on Alchemy (LINK)
Related book: Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life 
Exponent Podcast: 177 — Principle Stacks (LINK)

Odd Lots Podcast: Why The Repo Markets Went Crazy, And Why December Could Be Even Worse (LINK)

Grant’s Current Yield Podcast: Let the analytics department pitch to Drumbowski (LINK)

Short Wave Podcast: Can Global Shipping Go Zero Carbon? (LINK)

The New Yorker: Politics and More Podcast: How Facebook Continues to Spread Fake News [with Evan Osnos] (LINK)

For the golf fans out there.... Are You Not Entertained? Podcast: 208 - Jeehae Lee & Craig Connolly (the wee man) on the future of golf (LINK)

The ‘Ghost’ Genes of a Nearly Extinct Animal Live on in Texas - by Sarah Zhang (LINK)
A photographer began shooting unusual-looking coyotes on Galveston Island. They turned out to be descended from a very rare wolf species.