Monday, January 27, 2020


I released my year-end letter over the weekend. For those not yet on that email list, you can find it at this link: Sorfis 2019 Year-End Letter.


There are also some good collections of Q4 and year-end letters HERE and HERE.

Why Invest? A 22-Year-Old’s Tough Questions About Capitalism - by Jason Zweig ($) (LINK)

2019 Project Punch Card Conference notes (LINK)

Data Update 2 for 2020: Retrospective on a Disruptive Decade - by Aswath Damodaran (LINK)

Exiting Stage Left… - by Harris Kupperman (LINK)

Systemic Risk of Pandemic via Novel Pathogens – Coronavirus: A Note [Taleb, et al.] (LINK)

The Recycling of Ships [H/T @the5hippingman] (LINK)
Related link (book PDF): Maritime Economics 3rd Edition
Business Wars Podcast: Boeing vs. Airbus (Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7)

Alpha Exchange Podcast: Michael Green, Chief Strategist, Logica Capital Advisers (LINK)

September stress in dollar repo markets: passing or structural? (BIS - December 2019) (LINK)

DoubleLine Round Table - Segment 3: Best Ideas (video) (LINK)

The Sherman Show (podcast video): David Rosenberg (LINK)

The Peter Attia Drive: #90 - Ryan Holiday: Stillness, stoicism, and suffering less (LINK)
Related book: Stillness Is the Key
The Positive Side of Shame (LINK)

The (simple) secrets of superconnectors - by Khe Hy (LINK)

Jim Lehrer’s 16 Rules for Practicing Journalism with Integrity (LINK)

Clay Christensen on Business and Life (LINK)

From the archives.... How Will You Measure Your Life? - by Clayton M. Christensen

"I have self-doubt. I have insecurity. I have fear of failure. I have nights when I show up at the arena and I'm like, 'My back hurts, my feet hurt, my knees hurt. I don't have it. I just want to chill.' We all have self-doubt. You don't deny it, but you also don't capitulate to it. You embrace it." --Kobe Bryant

"Have a good time. Life is too short to get bogged down and be discouraged. You have to keep moving. You have to keep going. Put one foot in front of the other, smile and just keep on rolling." --Kobe Bryant