Links

"A wise man looks for everything inside of himself; a madman seeks for everything in others." -Confucius

Warren Buffett on CNBC -- Links to videos:

Warren Buffett on his power lunch for charity  

Buffett: We have about 500,000 cars insured in Harvey's flood area

Buffett: Flood insurance doesn't have big enough risk pool  

Warren Buffett: This doesn't feel like a 3% GDP economy

Buffett: North Korea situation is very concerning

Buffett: I was wrong in my original IBM analysis

Buffett: I like Bank of America's valuation and management

Buffett: Retailers care about strength of specific brands  

Buffett: I'm not in the business of attacking any president

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Warren Buffett Backs Nuclear Fuel Bank In Kazakhstan [H/T Linc] (LINK)

In an unusual partnership, Amazon and Microsoft are working together to extend the abilities of their voice-controlled digital assistants. (LINK)

Chamath Palihapitiya on the Recode Decode podcast (LINK)

The Future of the Planet: Life, Growth and Death in Organisms, Cities and Companies, with Geoffrey West (video) (LINK)

Related book: Scale

Links

"While it's true that only large positions can get you into trouble, it's equally true that only large positions can make a big contribution. (This is one of the great dilemmas in investing.)" -Howard Marks (Source)

Apollo Asia Fund: the manager's report for 2Q17 (LINK)

We are patient with companies which are having short-term difficulties - perhaps to a fault, but when managers respond to each setback with sensible steps, the results are usually good in the end, and we sometimes learn more about the business characteristics during such periods. When our confidence dwindles, however, we pay more and more attention, and may trim; if it is lost, we try to exit completely, rather than trying to be too clever about the price.

Conversations with Tyler (podcast): Atul Gawande on Priorities, Big and Small (LINK)

How Digital Platforms Increase Inequality (LINK)

Waking Up podcast: Sam Harris talks with Geoffrey West (LINK)

Related book: Scale

Waking Up podcast: Sam Harris talks with Scott Adams (LINK)

The Tim Ferriss Show: Morning Routines and Strategies (podcast) (LINK)

This is a special episode of the podcast. After more than 200 conversations with the world's top performers, you start to spot certain patterns. These are the shared habits, hacks, philosophies, and tools that are the common threads of success, happiness, health, and wealth. These commonalities were the premise of my most recent book, The New York Times #1 bestseller Tools of Titans -- a compilation of my favorite lessons, routines, and tips of many of my guests. In this episode, I've gathered some of the best advice from past guests about morning routines.

Links

"Unfortunately in this kind of work, where you are trying to determine relationships based upon past behavior, the almost invariable experience is that by the time you have had a long enough period to give you sufficient confidence in your form of measurement, just then new conditions supersede and the measurement is no longer dependable for the future." -Benjamin Graham

Jason Zweig‏ has annotated, added links, and highlighted some of his favorite passages from Benjamin Graham's 1963 lecture, “Securities in an Insecure World” (LINK)

Farnam Street: All Models Are Wrong (LINK)

Sohn Conference Hong Kong Notes 2017 (LINK)

Energy Checklist - by Eric Cinnamond (LINK)

Brexit In Reverse? - by George Soros [H/T Santangel's] (LINK)

MSCI to Add China Shares to Indexes, Opening Market to More Foreign Investors (LINK)

It’s Lonely at the Top—or It Should Be [H/T @pcordway] (LINK)

An Early 20th Century Lesson on the Difference Between Convenience and Value (LINK)

NPR's Planet Money‏ podcast: What the Falcon's Up With Qatar? [H/T @jasonzweigwsj] (LINK)

Geoffrey West: "Scale" | Talks at Google (LINK)

Simon Sinek: "The Finite and Infinite Games of Leadership" | Talks at Google (LINK)

a16z: When We Enter the Century of Biology (LINK)

Y Combinator podcast: How Should Business Schools Prepare Students for Startups?  (LINK)

Cool Tools for Travel – Tim Ferriss and Kevin Kelly (podcast) (LINK)

This Common Butterfly Has an Extraordinary Sex Life - by Ed Yong (LINK)

Book of the day [H/T @Greg_Speicher]: One Buck at a Time: An Insider's Account of How Dollar Tree Remade American Retail

Links

"If you need to use a computer or calculator to make the calculation, you shouldn't buy it...It should scream at you...we do not sit down with spreadsheets and do all that sort of thing. We just see something that obviously is better than anything else around that we understand — and then we act." -Warren Buffett (source)

Don’t Touch My Money, Just Hold My Hand - by Jason Zweig (LINK)

Geoffrey West on the FT Alphaville podcast (LINK)

Related book: Scale

Mark Spitznagel on Bloomberg TV (video) [H/T Jim] (LINK)

Mark Spitznagel at the Bloomberg Invest conference (video) (LINK)

Exponent podcast: Episode 117 — Fruitful Clapping (LINK)

TED Talk -- Anne Lamott: 12 truths I learned from life and writing (LINK)

Related book: Bird by Bird

The School of Life: An Interview With Alain de Botton (LINK)

Fetuses Prefer Face-Like Images Even in the Womb - by Ed Yong (LINK)

Did life here begin ... out there? Maybe its precursors did. - by Phil Plait (LINK)

Links

"In a world in which most investors appear interested in figuring out how to make money every second and chase the idea du jour, there's also something validating about the message that it's okay to do nothing and wait for opportunities to present themselves or to pay off. That's lonely and contrary a lot of the time, but reminding yourself that that's what it takes is quite helpful." -Seth Klarman

Seminars About Long-term Thinking -- Geoffrey B. West: The Universal Laws of Growth and Pace (audio) (LINK)

Related book: Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life in Organisms, Cities, Economies, and Companies 

How to Generate Stock Ideas: An Unusual Lesson from a 1939 Book (LINK)

Peer-to-Peer Live: David Rubenstein and Paul Singer (video) (LINK)

Elon Musk: The Man, the Myth, the Risk [WSJ $] (LINK)

Mike Rowe on Efficiency versus Effectiveness - by Cal Newport (LINK)

Tiny Jumping Spiders Can See the Moon - by Ed Yong (LINK)

Microbiologist and NASA astronaut Kate Rubins at the ASM Microbe 2017 keynote session. Moderated by Ed Yong. (video) (LINK)