Wednesday, April 29, 2020


"We pay some very big money. We have managers that have made and will make in the tens of millions annually, and we have managers that, when we suffer, they suffer. But you’ve got to treat people fairly. Even though they don’t need the money, everybody wants to be treated fairly. And so the rationale for how you’re doing it should be understood, but there is no cross-Berkshire rationale at all.... The main thing to do is, in terms of market position and all that sort of thing, the real thing I really want to pay managers for is widening the moat that separates our business from our competitors’ businesses over time. Now, that gets very subjective, so I don’t have any perfect way of doing that. But that is always going through my mind in trying to design compensation systems." --Warren Buffett (2010)

Warren Buffett will soon tell us what he really thinks about stocks investing and the coronavirus pandemic - by Lawrence Cunningham (LINK)

The Anti-Amazon Alliance - by Ben Thompson (LINK)

When You Have No Idea What Happens Next - by Morgan Housel (LINK)

Wizards of Dalal Street: Mohnish Pabrai on COVID-19 and world economy (video) (LINK)

Martin Stopford on "Coronavirus, Climate Change & Smart Shipping: 3 Maritime Scenarios 2020-2050” (video) (LINK) [Related paper HERE.]

State of the Cloud 2020 · Bessemer Venture Partners (LINK)

Invest Like the Best Podcast: Josh Kopelman - The Past, Present, And Future Of Seed Investing (LINK)

Stoicism in a time of pandemic: how Marcus Aurelius can help (LINK)

The Ezra Klein Show (podcast): Bill Gates’s vision for life beyond coronavirus (LINK)

Antibody Tests Won’t Get Us Back to Normal - by Sarah Zhang (LINK)

Why the Coronavirus Is So Confusing - by Ed Yong (LINK)
A guide to making sense of a problem that is now too big for any one person to fully comprehend