"You can, of course, pay too much for even the best of businesses.... Investors making purchases in an overheated market need to recognize that it may often take an extended period for the value of even an outstanding company to catch up with the price they paid. A far more serious problem occurs when the management of a great company gets sidetracked and neglects its wonderful base business while purchasing other businesses that are so-so or worse. When that happens, the suffering of investors is often prolonged.... Loss of focus is what most worries Charlie and me when we contemplate investing in businesses that in general look outstanding. All too often, we've seen value stagnate in the presence of hubris or of boredom that caused the attention of managers to wander." --Warren Buffett (1996 Letter to Shareholders)
How Performance Reviews Can Kill Your Culture (LINK)
Venture Stories Podcast: Keith Rabois on How He Invests, Forming a Founding Team, and Funding “Ridiculous” Ideas (LINK)
The Plate Climatology Theory (video) (LINK)
A video that summarizes the building block principles of the Plate Climatology Theory and provides specific research proven examples supporting these principles. The viewer will learn how geological forces affect or control climate and climate related events of Antarctica, the Arctic, El Nino's / La Nina's, so-called Ice Ages, or land volcanic eruptions.
CBS This Morning Podcast: Becoming Friends with Mister Rogers [H/T @BrentBeshore] (LINK)
Related articles: 1) Can You Say...Hero? (1998); 2) My Friend Mister Rogers (2019)
For Audible Members, the current Black Friday Week sale has many titles of note:
It's not included in the sale, but I also noticed that Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger is now on Audible.