Links

Invest Like the Best Podcast: Chris Bloomstran - An Update on Public Markets (LINK)

Related previous post: Semper Augustus Investments Group: 2019 Annual Letter

Grant’s Current Yield Podcast: Class is in session [with Bruce Greenwald] (LINK)

Broyhill Portfolio Update (LINK)

Boyar Quarterly Letter (LINK)

Greenhaven Road Capital Q1 Letter (LINK)

[More Q1 letters can be found HERE and HERE.]

The Investing Edge Podcast: Value Investor’s Edge Live #18: On The Water In The Tanker Markets With Frontline’s CEO (LINK)

Matt Ridley on The Glenn Beck Show on BlazeTV (video) (LINK)

68 Bits of Unsolicited Advice - by Kevin Kelly (LINK)

It’s my birthday. I’m 68. I feel like pulling up a rocking chair and dispensing advice to the young ‘uns. Here are 68 pithy bits of unsolicited advice which I offer as my birthday present to all of you.

I Am So Lucky - by Trey Mancini [H/T Linc] (LINK)

What you need to know about the COVID-19 vaccine - by Bill Gates (LINK)

Links

Bill Gates speaks with Trevor Noah about coronavirus testing, accelerating vaccine development and how the world will rebound (video) (LINK)

Warren Buffett’s Berkshire Hathaway Sells Huge Blocks of Delta, Southwest Stock (LINK)

Oaktree Insights: Risks and Opportunities in EM amid a Global Slowdown (LINK)

The Shock Cycle - by Morgan Housel (LINK)

The High Cost of Low Interest Rates (LINK)

A Pandemic and a Price War Have Together Brought Energy Markets to a Crisis - by Daniel Yergin (LINK)

The Most Profitable Trade: ‘Oil All Over the Oceans Right Now’ (LINK)

Value Investing with Legends Podcast: C.T. Fitzpatrick: Value Investing in Times of Deep Distress (LINK)

Exponent Podcast: 184 — Good is Better than Perfect (LINK)

Ben Carlson sits down with investor, author and market historian William Bernstein (video) (LINK)

Bad News Wrapped in Protein: Inside the Coronavirus Genome (LINK)

Links

My Learning Process - by Blas Moros (LINK)

Why Time Has Slowed - by Morgan Housel (LINK)

Bill Miller On Why Coronavirus Sell Off Is Buying Opportunity Of Generation (video) (LINK)

A Viral Market Meltdown V: Back to Basics! - by Aswath Damodaran (LINK)

Given the news on the company today, this may be worth revisiting (from a couple of months ago): An anonymous, detailed short thesis on Luckin Coffee

Jim Chanos on CNBC (video) (LINK)

Steve Bregman on Energy (audio) (LINK)

Invest Like the Best Podcast: Gavin Baker – Investing Through a Bear Market (LINK)

Grant’s Current Yield Podcast: The Grice Man cometh (LINK)

Freakonomics Radio: 411. Is $2 Trillion the Right Medicine for a Sick Economy? (LINK)

How I Built This with Guy Raz (podcast): Live with Guy Online: Jeni Britton Bauer (LINK)

The Peter Attia Drive (podcast): #102 - Michael Osterholm, Ph.D.: COVID-19—Lessons learned, challenges ahead, and reasons for optimism and concern (LINK)

The Four Rules of Pandemic Economics - by Derek Thompson (LINK)

Private Labs Are Fueling a New Coronavirus Testing Crisis (LINK)

A Coronavirus Fix That Passes the Smell Test - by Michael Lewis (LINK)

Is the Coronavirus Airborne? Should We All Wear Masks? - by Ed Yong (LINK)

Longform Podcast: 386: Ed Yong (LINK)

Related articles: 1) "How a Pandemic Might Play Out Under Trump" (December 2016); 2) "The Next Plague Is Coming. Is America Ready?" (July 2018); 3) "How the Pandemic Will End" (March 2020)

Links

Bill Gates reddit AMA about COVID-19 (LINK)

Tom Russo on Intelligent Investing in Crisis Mode (audio) (LINK)

GMO White Paper | Memo to the Investment Committee: Dare to Be Different - by James Montier (LINK)

The conventional 60/40 portfolio of today is not going to generate the kind of returns that investors say they need. Investors must seek to embrace the terrifying concept of being different. As the ghosts of many great investors past have amply demonstrated, being different is the path to investment success. However, such advice falls into the simple but not easy category, to borrow Warren Buffett’s expression.

GMO Asset Allocation: COVID-19 Update - by Ben Inker (LINK)

Common Enemies - by Morgan Housel (LINK)

Coronavirus – getting angry - by John Hempton (LINK)

Oaktree Insights: Assessing Relative Value in Credit amid Coronavirus Uncertainty (LINK)

Jim Grant on CNBC (video) (LINK)

Kyle Bass on CNBC (video) (LINK)

Tyler Cowen and Russ Roberts in conversation about COVID-19 (podcast) (LINK)

Links

"In the world of modern finance, a love of numbers has replaced a desire for critical thinking. As long as something has a number attached to it, then it is taken as gospel truth. Research shows that people are often fooled by the use of pseudoscience. Simply making things sound complex makes people believe them more! Risk managers, analysts and consultants are all guilty of using pseudoscience to promote an illusion of safety. We all need to be on our guard against the artificial deployment of meaningless numbers. Critical thinking and scepticism are the most unrated (and scarce) tools in our world." --James Montier ("Mind Matters," April 29, 2008)

How to respond to COVID-19 - by Bill Gates (LINK)

The Great Buenos Aires Bank Heist [H/T Linc] (LINK)

Gotta Go Fast: Why Gaming IP Is Finally Taking Off in Film/TV - by Matthew Ball (LINK)

Exponent Podcast: 182 — Scale Scale Scale (LINK)

The Disruptive Voice Podcast: 48. Disrupting Healthcare with Dr. Mahek Shah (LINK)

Grant’s Current Yield Podcast: The Empire Strikes Out (LINK)

Know Your Risk Radio (podcast): Raoul Pal (LINK)

The Coronavirus and How Political Spin Has Worsened Epidemics - by Evan Osnos (LINK)

Freeman Dyson, Visionary Technologist, Is Dead at 96 (LINK)

Related previous link (other links and books included): Freeman Dyson on Living Through Four Revolutions (2011 lecture)

"I don't particularly care [if the things I'm doing] are important or not. I'm not driven by a passion to dig out the deep secrets of nature. I'm much more interested just in exercising my skills as best I can and enjoying life." --Freeman Dyson

Links

‪"Great investing requires both generating returns and controlling risk. And recognizing risk is an absolute prerequisite for controlling it.... Risk means uncertainty about which outcome will occur and about the possibility of loss when the unfavorable ones do." --Howard Marks‬

Haters - by Paul Graham (LINK)

Berkshire Hathaway’s Culture of Trust (LINK)

Related book: Margin of Trust

Jim Grant on the Hidden Forces Podcast (LINK)

Aspen Ideas to Go Podcast: Netflix’s Ted Sarandos on Streaming, Competition, and What’s Next [H/T @JerryCap] (LINK)

A playlist of short videos on mental models [H/T @anshul81] (LINK)

Boeing Employees Mocked F.A.A. and ‘Clowns’ Who Designed 737 Max (LINK)

Meet 2020 AV2, the first asteroid found that stays inside Venus's orbit! (LINK)

Current Kindle book deals worth considering:

High Growth Handbook by Elad Gil ($1.49)

Genius: The Life and Science of Richard Feynman by James Gleick ($1.99)

Also, for audiobook listeners, I noticed that Cable Cowboy as well as Common Stocks and Common Sense are now available on Audible.

Links

"Ben Graham always used to say you can get in more trouble in investment with a good premise than with a bad premise, because the bad premise will shout out to you immediately as being fallacious, whereas with a good premise it’ll work for awhile. Businesses are worth more money if interest rates fall and stocks rise. But then eventually the market action of the securities themselves creates its own rationale for a large crop of buyers, and people forget about the reasons and the mathematical limitations that were implied in what got them excited in the first place. And after a while, rising prices themselves alone will keep people excited and cause more people to enter the game. And therefore the good premise, after a while, is forgotten except for the fact that it produced these rising prices.... People tend to forget about the importance of the price they pay as the experience of a bull market just sort of dulls the senses generally." --Warren Buffett (1997)

What I’m thinking about this New Year’s Eve - by Bill Gates (LINK)

As the year comes to an end, I reflect on how we can make our tax system more fair.

I've posted these before, but they are once again making the rounds, so in case anyone hasn't seen them yet.... Joel Greenblatt 2005 class videos (LINK) [And related to these, there are also old Bruce Greenwald lectures online, and more recent lectures from Aswath Damodaran.]

The Market is Huge! Revisiting the Big Market Delusion - by Aswath Damodaran (LINK)

2019 Position Review - by Harris Kupperman (LINK)

As Shale Wells Age, Gap Between Forecasts and Performance Grows ($) (LINK)

The 2010s Killed the Cult of the Tech Founder. Great! - by Steven Levy (LINK)

Imagining Our Future Through Tech (video) (LINK)

Grant’s Current Yield Podcast: Home Alone (LINK)

Acquired Podcast: The Lean Startup and the Long-Term Stock Exchange (with Eric Ries) (LINK)

Books for our time: seven classics that speak to us now [H/T @jasonzweigwsj] (LINK)

10 Important Lessons We Learned from the 2010s - by Mark Manson (LINK)

Links

The Bus Ticket Theory of Genius - by Paul Graham (LINK)

It’s Slow Going, but Stuff Like Wheat and Oil Can Spice Up Your Returns - by Jason Zweig ($) (LINK)

The best time to get interested in an investing strategy is when its performance is at its worst. By that standard, commodities are starting to look intriguing.

Everyone Gets Paid in CBS-Viacom Except Shareholders [H/T @JohnHuber72] (LINK)

Health Care Without (much) Government - by Russ Roberts (LINK)

How to Reverse Engineer Biology (LINK)

Full Disclosure Podcast: The Overachieving Underwriter [H/T @rationalwalk] (LINK)

Markel Corp vice chairman Steve Markel on the insurer and investment shop as it approaches its 90th year in business. Worth $15 million when its shares debuted on Wall Street in 1986, Markel Corp is now a Fortune 500 member in 18 countries that is valued at more than $16 billion.

Grant’s Current Yield Podcast: It’s a gusher (LINK)

Exponent Podcast: 178 — More Ergonomic (LINK)

The Knowledge Project Podcast -- Scott Adams: Avoiding Loserthink (LINK)

One Man's Wild Quest to Reach the Bottom of Every Ocean [H/T @MebFaber] (LINK)

Links

"We really like things that you don’t have to carry out to three decimal places, you know. If you have to carry it out to three decimal places, it’s not a good idea.... It’s like if somebody walked in the door here and they weighed somewhere between 300 and 350 pounds. I might not know how much they weigh, but I would know they were fat. That’s all I’m looking for, is something that’s financially fat." --Warren Buffett (2008)

Jamie Dimon on "60 Minutes" (video) (LINK)

Chuck Akre and John Neff of Akre Capital Management on WealthTrack (video) (LINK)

Ironing Out an Investing Mystery - by Jason Zweig ($) (LINK)

‘Earnings management’ has become even more widespread in emerging markets than in developed markets like the U.S.

Pensions Venture Into Risky Corners of the Market in Hunt for Returns ($) (LINK)

Wise fiscal policy is not about helicopter money - by Claudio Borio (LINK)

The new dot com bubble is here: it’s called online advertising (LINK)

What is the endgame for Disney+? (LINK)

EconTalk Podcast: Rory Sutherland on Alchemy (LINK)

Related book: Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life 

Exponent Podcast: 177 — Principle Stacks (LINK)

Odd Lots Podcast: Why The Repo Markets Went Crazy, And Why December Could Be Even Worse (LINK)

Grant’s Current Yield Podcast: Let the analytics department pitch to Drumbowski (LINK)

Short Wave Podcast: Can Global Shipping Go Zero Carbon? (LINK)

The New Yorker: Politics and More Podcast: How Facebook Continues to Spread Fake News [with Evan Osnos] (LINK)

For the golf fans out there.... Are You Not Entertained? Podcast: 208 - Jeehae Lee & Craig Connolly (the wee man) on the future of golf (LINK)

The ‘Ghost’ Genes of a Nearly Extinct Animal Live on in Texas - by Sarah Zhang (LINK)

A photographer began shooting unusual-looking coyotes on Galveston Island. They turned out to be descended from a very rare wolf species.

Links

The Internet and the Third Estate - by Ben Thompson (LINK)

25th Anniversary of Financial Shenanigans with Howard Schilit - Author Series: Financial Reporting & Analysis Edition (May 2018 video) [H/T @colemanrhawkins] (LINK)

Related book: Financial Shenanigans

Greenhaven Road Capital's Q3 Letter [H/T @mastersinvest] (LINK)

Massif Capital Q3 Letter (LINK)

Patience: An Undervalued Virtue - by Frank K. Martin (LINK)

The Acquirers Podcast: Joseph Boskovich talks with Tobias Carlisle about finding great owner/operators (LINK)

Grant’s Current Yield Podcast: Time to make the Donuts (LINK)

North Star Podcast: Ryan Holiday: Timeless Lessons From History (LINK)

Related book: Stillness Is the Key

A Textbook Evolutionary Story Is Wrong - by Ed Yong (LINK)

Links

"If thou wilt make a man happy, add not unto his riches but take away from his desires." --Epicurus

Penny-Pinching Funds Are Going to Get Even Cheaper - by Jason Zweig ($) (LINK)

Jim Grant Is a Wall Street Cult Hero. Does It Matter If He’s Often Wrong? (LINK)

Miami Real Estate Is About To Collapse... (LINK)

Five Good Questions Podcast: John Browne - Make, Think, Imagine (LINK)

Related book: Make, Think, Imagine: Engineering the Future of Civilization

Acquired Podcast: Sequoia Capital (Part 1) (LINK)

The Life-Changing Magic of Having ‘Enough’ - by Ryan Holiday (LINK)

"It is not the man who has too little, but the man who craves more, that is poor. What does it matter how much a man has laid up in his safe, or in his warehouse, how large are his flocks and how fat his dividends, if he covets his neighbour's property, and reckons, not his past gains, but his hopes of gains to come? Do you ask what is the proper limit to wealth? It is, first, to have what is necessary, and, second, to have what is enough." --Seneca (Source)

Links

How a stealthy insurance tech startup bootstrapped its way to a $2.35B acquisition in less than 4 years [H/T @BrentBeshore] (LINK)

FRMO Corp. - 2019 Shareholder Letter [H/T @colemanrhawkins] (LINK)

How to Factor Fickle Markets Into Your Portfolio - by Jason Zweig ($) (LINK)

Immutable Truths and Arguing Fools - by Morgan Housel (LINK)

Mohnish Pabrai on The Dhandho Investor: The Low-Risk Value Method to High Returns (video) (LINK)

Of Ben Graham, Investing, and Eternity (LINK)

Only the Shadow Knows - by Frank K. Martin (LINK)

Joe Nocera's 2002 story on T. Boone Pickens (LINK)

International conflict isn't declining, new analysis finds (LINK)

Grant’s Current Yield Podcast: A conversation with the Dean of High Yield (LINK)

The Tim Ferriss Show (podcast): #386: Ken Burns (LINK)

The Game That Made Rats Jump for Joy - by Ed Yong (LINK)

Scientists taught rats to play hide-and-seek in order to study natural animal behavior—but it was also fun, for both the researchers and the animals.

Links

"You don’t get paid for what’s already happened. You only get paid for what’s going to happen in the future. The past is only useful to you in the extent to which it gives you insights into the future, and sometimes the past doesn’t give you any insights into the future." --Warren Buffett (2007)

Being Ethical Is Long-term Greedy (LINK)

Markel Omaha brunch 2019 (video) (LINK)

Use Your Edge (LINK)

Why Things Break: Easy Causes of Business and Investing Failure (LINK)

Tim Wu Explains Why He Thinks Facebook Should Be Broken Up (LINK)

Related book: The Curse of Bigness

The Absolute Return Letter - July 2019: Energy Misconceptions (LINK)

A Return to Tiananmen - by Peter Zeihan (Part I: The Evolution of China, Part II: The Ending of Hong Kong)

Grant’s Current Yield Podcast: Middle Kingdom microscope (LINK)

Eric Cinnamond talks small cap, absolute return value investing with Tobias Carlisle on The Acquirers Podcast (LINK)

The James Altucher Show (podcast): 468 - David Epstein: Proof That It’s Never Too Late to Master Something New (LINK)

Related book: Range: Why Generalists Triumph in a Specialized World

Revisionist History Podcast: Tempest in a Teacup (LINK)

American Innovations Podcast: Biologist Timothy Mousseau Can’t Stop Going Back To Chernobyl (LINK)

AI: Hype vs. Reality: Doctor AI (LINK)

Eric Topol on the Making Sense podcast (LINK)

Related book: Deep Medicine: How Artificial Intelligence Can Make Healthcare Human Again

(Re)Building the Good Society (video) (LINK)

Humanization, Dehumanization and Other Things Psychologists Do (video) (LINK)

Alex Honnold: A Soul Freed (video) (LINK)

Edge #545: Collaboration and the Evolution of Disciplines - A Talk By Robert Axelrod (LINK)

Related book: The Evolution of Cooperation

Why Waves of Seaweed Have Been Smothering Caribbean Beaches - by Ed Yong (LINK)

For Smart Animals, Octopuses Are Very Weird - by Ed Yong (LINK)

Book of the day: The Last Pirate of New York: A Ghost Ship, a Killer, and the Birth of a Gangster Nation - by Rich Cohen

"We learn who we are in practice, not in theory." --Herminia Ibarra

Links

Tom Russo on WealthTrack (video) (LINK)

Bernard Arnault: ‘I always liked being number one’ ($) (LINK)

Why Investor Mario Cibelli Likes Grubhub Stock, Becle, and e.l.f. Beauty ($) (LINK)

Book review: “Merger Masters – Tales of Arbitrage” (LINK)

Grant’s Current Yield Podcast: Research Triangle (LINK)

Rob Arnott, founder and chairman of the board of Research Affiliates, LLC, calls in to assess conditions and opportunities around the world.

The Acquirers Podcast: Peter Rabover talks concentrated microcap investing and special situations (LINK)

Five Good Questions Podcast: Ashley Goodall - Nine Lies About Work (LINK)

Why You Should Study Philosophy - by Ryan Holiday (LINK)

TED Talk: The architectural secrets of the world's ancient wonders | Brandon Clifford (LINK)

Links

"More money is made by thinking than is ever made by buying and selling." --Adrian Cantwell (via Asia's Investment Prophets)

Mohnish Pabrai’s Lecture and Q&A with students of Peking University (Guanghua School of Mgmt.): “Great Businesses vs. Great Investments” (video) (LINK)

Mohnish Pabrai's Webcast Q&A Session with Students at London Business School (video) (LINK)

What Yogi Berra Would Have Said About This Bull Market - by Jason Zweig ($) (LINK)

GE’s Larry Culp Faces Ultimate CEO Test in Trying to Save a Once-Great Company (LINK)

James Grant: The Fed will cut in June (video) (LINK)

Choosing the Wrong Lane in the Race to 5G (LINK)

A Few Thoughts On Public Speaking - by Morgan Housel (LINK)

What Really Happened to Malaysia’s Missing Airplane - by William Langewiesche (LINK)

32 Thoughts From a 32-Year-Old - by Ryan Holiday (LINK)

EconTalk Podcast: Anja Shortland on Kidnap (LINK)

Related book: Kidnap: Inside the Ransom Business

The Peter Attia Drive Podcast: #58 – AMA with sleep expert, Matthew Walker, Ph.D. (LINK)

Book of the day [H/T Claire Barnes]: The Purpose of Capital

Links

Why Apple investor Warren Buffett won't be obsessing over Monday's event (video) [H/T Will] (LINK)

The Dilemma Facing a $358 Billion Investing Giant - by Jason Zweig ($) (LINK)

Grant’s Current Yield Podcast: Fed ahead (LINK)

Masters in Business Podcast: Roger Ibbotson Discusses the History of Finance (LINK)

a16z Podcast: Incenting Innovation Inside (LINK)

Related book: Loonshots: How to Nurture the Crazy Ideas That Win Wars, Cure Diseases, and Transform Industries

30 Animals That Made Us Smarter Podcast: Kingfisher and bullet train (LINK)

In the face of adversity, are you a Guernsey or a Brahman? (LINK)

Why Would an Animal Trade One Body for Another? - by Carl Zimmer (LINK)

Pretty Sly for a Whitefly - by Ed Yong (LINK)

Links

"That’s the beauty about investments. You only have to look at the ones that you feel capable of evaluating and you skip all rest." --Warren Buffett (2004)

Sanjay Bakshi talk: Fragility & Optionality in Business Models [free registration required] (LINK)

Death, Taxes, and a Few Other Things - by Morgan Housel (LINK)

The Big Short’s Steve Eisman raises bets against Canadian banks (LINK)

A fund manager made famous by the book The Big Short has turned his sights on Canada, betting that a tottering housing market and a sluggish economy will bring trouble for the country’s biggest banks. 

Steve Eisman, a portfolio manager at Neuberger Berman, is among a growing number of short-sellers taking positions in the likes of TD Bank and Royal Bank of Canada, in anticipation that the shares will fall. The moves come after property prices raced ahead of incomes for several years, boosted by loose lending, low interest rates and lax controls on foreign money. But new house prices in Canada slipped year on year in January for the first time since 2009, squeezed by tighter rules on mortgages and new taxes on foreign buyers, while the broader economy has begun to falter. 

“I’m calling for a simple normalisation of credit that hasn’t happened in 20 years,” Mr Eisman told the FT, while declining to name the banks he is shorting, or the full extent of his positions. He said the effects would hurt banks and the real estate sector, but would not be as intense as the financial crisis a decade ago in the US, when he and others saw huge profits from the implosion of the subprime mortgage market. 

“This is not ‘The Big Short: Canada’ — I’m not calling for a housing collapse,” he said.

Jamie Dimon: CEOs optimistic about business outlook (video) (LINK)

James Grant on CNBC (LINK)

Ten Lessons I Learned While Teaching Myself To Code (LINK)

Related book: Coders: The Making of a New Tribe and the Remaking of the World

Long Now: Seminars About Long-term Thinking: Chip Conley: The Modern Elder and the Intergenerational Workplace (LINK)

The After On Podcast: 45: Naval Ravikant (part 2) | End Games (LINK)

The Joe Rogan Experience (podcast) - Gary Taubes & Stephan Guyenet (LINK)

It’s Not Enough to Be Right. You Also Have to Be Kind. - by Ryan Holiday (LINK)

Holy spitting space rocks: Asteroid Bennu is active! - by Phil Plait (LINK)

Beware the Medusavirus - by Sarah Zhang (LINK)

After Two Decades, a Fishy Genetic Mystery Has Been Solved - by Ed Yong (LINK)

A scientist faced down the ultimate cold case: How did two groups of fish separately evolve genes for making antifreeze?

Links

"Most people are going to get a very small real return from investment after considering inflation and taxes. I think that’s an iron law of the world and if, for a brief period, some of us do better than that, we ought to be very thankful. One of the great defenses to being worried about inflation is not having a lot of silly needs in your life. In other words, if you haven’t created a lot of artificial demand to drown in consumer goods, why, you have a considerable defense against the vicissitudes of life." --Charlie Munger (2004)

Martin Capital Management 2018 Annual Report (LINK)

Investors Get Burned After Betting on Electric-Car Metals (LINK)

Markets like stocks and oil have rebounded this year, but cobalt and lithium continue to fall

What Happens When Techno-Utopians Actually Run a Country [H/T @patrickc] (LINK)

The Tim Ferriss Show: Jim Collins — A Rare Interview with a Reclusive Polymath (LINK)

Grant’s Current Yield Podcast: Take 5 (LINK)

Barry Diller on the Recode Decode Podcast (LINK)

a16z Podcast: Who’s Down with CPG, DTC? (And Micro-Brands Too?) (LINK)

Healthy Eating and Intermittent Fasting - by Jana Vembunarayanan (LINK)

Opportunity lost... but more will arise - by Phil Plait (LINK)

On June 10, 2018, the people of Earth received their last transmission from the Opportunity rover of Mars. 

Now, 248 days later, scientists and engineers at NASA's Jet Propulsion Lab have had to make a hard decision: They have declared the rover dead. The mission is over.

Links

Matt Rose: “Less is NOT better” - Railway Age [H/T @oddballstocks] (LINK)

Murray Stahl and Steven Bregman on “Active Voice” (Value Investor Insight) (LINK)

The ETF liquidity question: Can the passive universe hold up in the event of a market crisis? (LINK)

Fed Piles Up $66 Billion in Paper Losses as It Faces Trump Wrath (LINK)

Jamie Dimon's CNBC interview from last week (video) (LINK)

James Grant on CNBC (video) (LINK)

The bright side of Britain’s Brexit chaos - by Sebastian Mallaby (LINK)

Congress May Have Fallen for Facebook’s Trap, but You Don’t Have To (LINK)

The WIRED Guide to 5G (LINK)

Brian McCullough: "How the Internet Happened: from Netscape to the iPhone" | Talks at Google (LINK)

SpaceX's Gwynne Shotwell says we'll be on Mars this decade (podcast) (LINK)

Will half of all colleges really close in the next decade? (LINK)

The Viruses That Eavesdrop on Their Hosts - by Ed Yong (LINK)

Links

"Human history is a fragment of biology. Man is one of countless millions of species and, like all the rest, is subject to the struggle for existence and the competition of the fittest to survive. All psychology, philosophy, statesmanship, and utopias must make their peace with these biological laws. Man can be traced to about a million years before Christ. Agriculture can be traced no farther back than to 25,000 B.C. Man has lived forty times longer as a hunter than as a tiller of the soil in a settled life. In those 975,000 years his basic nature was formed and remains to challenge civilization every day." --Will Durant, "Heroes of History"

How mobile phones are helping farmers grow bigger harvests - by Bill Gates (LINK)

How Google and Amazon Got So Big Without Being Regulated (LINK)

Related book: The Curse of Bigness

Record Biotech IPO May Be Worth the $7 Billion - by Charley Grant ($) (LINK)

Moderna is slated to offer the largest biotech IPO on record, and a $7 billion valuation isn’t as crazy as it sounds

Mohnish Pabrai's keynote speech at the 8th Morningstar Investment Conference in Mumbai, India (video) (LINK)

Invest Like the Best Podcast: Cliff Asness – The Past, The Present & Future of Quant  (LINK)

Grant’s Current Yield Podcast: Curated content (LINK)

6 Biases Holding You Back From Rational Thinking - by Robert Greene (LINK)

Related book: The Laws of Human Nature

TED Talk: My journey to thank all the people responsible for my morning coffee | AJ Jacobs (LINK)

Released today: This Is Marketing - by Seth Godin (who also reads the audiobook)