Thursday, January 16, 2020


"Another mistake that people often make is that they compare themselves with others who are making more money than they are and conclude that they should emulate the others’ actions ... after they’ve worked. This is the source of the herd behavior that so often gets them into trouble. We're all human and so we’re subject to these influences, but we mustn’t succumb. This is why the best investors are quite cold-blooded in their professional activities." --Howard Marks (Source)

The Tim Ferriss Show (podcast): #406: Bob Iger — CEO and Chairman of Disney (LINK)
Related book: The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company
MOI Global: Selected Session Highlights from Best Ideas 2020 (LINK)

Patrick O’Shaughnessy's Q4 2019 Letter to Investors (LINK)

The 47,500% Return: Meet The Billionaire Family Behind The Hottest Stock Of The Past 30 Years (LINK)

Where the Shelters Are Full and the Skyscrapers Are Vacant (LINK)

IEA Conversations (podcast): Matt Ridley: The last decade was the best in human history (LINK)

Macro Voices Podcast: #202 Grant Williams [enters at the 16:33 mark] (LINK)

Freakonomics Radio (podcast): The Opioid Tragedy, Part 1: “We’ve Addicted an Entire Generation” (LINK)

Weird dust clouds orbiting our galaxy’s central black hole may be weirder than we thought (LINK)

This Strange Microbe May Mark One of Life’s Great Leaps [H/T Linc] (LINK)

How Did Humans Boil Water Before the Invention of Pots? (LINK)

"No tree which the wind does not often blow against is firm and strong; for it is stiffened by the very act of being shaken, and plants its roots more securely: those which grow in a sheltered valley are brittle: and so it is to the advantage of good men, and causes them to be undismayed, that they should live much amidst alarms, and learn to bear with patience what is not evil save to him who endures it ill." --Seneca ("On Providence")