Tuesday, March 31, 2020


"I think it’s hugely a mistake to think only about your probable misfortunes. You should also think about what’s good about your situation." --Charlie Munger (2009)

We Can’t Prevent Market Panics. We Can Control How We React. - by Jason Zweig ($) (LINK)

The Corona Crisis is Not a Black Swan: Nassim Nicholas Taleb (video) (LINK)

Viral Prohibition, Eminent Domain, and the Path Ahead - by Brent Beshore (LINK)

COVID Impacts [on media & entertainment businesses] - by Matthew Ball (LINK)

Unmasking Twitter - by Ben Thompson (LINK)

Socializing Corporate Risk-taking: Moral hazard 2.0 - by Frank K. Martin (LINK)

Absolute Return Letter, March 2020: The Economic Cost of Social Distancing (LINK)

The Oil Glut Is Getting Critical ($) (LINK)

Pressure Mounts on Insurance Companies to Pay Out for Coronavirus ($) (LINK)
Lawmakers and regulators are pressuring insurers to go beyond the legal language of policies to get cash to Americans amid the mounting cost of shutdowns from the coronavirus pandemic.
What happens to mortgage-investment firms will shed light on what may be in store for the rest of the market ($) (LINK)

The Acquirers Podcast: Long Term: Tweedy Browne (LINK)

Capital Allocators Podcast: Ben Inker – Value Investing at GMO (LINK)

Invest Like the Best Podcast: D.A. Wallach – Investing in Healthcare (LINK)

Political Economy Podcast: Ben Thompson: Big Tech monopoly, data privacy, and the rise of China (LINK)

Acquired Podcast: Adapting Episode 2: Sequoia’s Black Swan Memo (LINK)

As research progresses, the nature of our enemy is becoming ever clearer - by Matt Ridley (LINK)