Here's what's in the $2T stimulus package — and what's next ( LINK ) GMO White Paper | Memo to the (Virtual) Investment Commit...

"A really wonderful business is very well protected against the vicissitudes of the economy over time and the competition. I mean, we’...

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

"You have to keep learning that you don’t know, because you find models that work, ways to make money, and then they blow sky-high. Th...

The Lies We Tell ( LINK ) Greenhaven Road Capital's Q1 Letter ( LINK ) Horizon Kinetics Q1 Commentary ( LINK ) How Schwab Ate Wall...

"There is less risk in owning three easy-to-identify, wonderful businesses than there is in owning 50 well-known, big businesses.... I...

Matt Rose: “Less is NOT better” - Railway Age [H/T @oddballstocks ] ( LINK ) Murray Stahl and Steven Bregman on “Active Voice” ( Value Inv...

Tony Deden's remarks at the Grant's Fall Conference ( LINK ) Horizon Kinetics‬⁩ Q3 Commentary [H/T @chriswmayer ] ( LINK ) Sears...

​Value Investor Klarman Watching for Stumbles Among ‘Unicorns’ ( LINK ) [And if anyone happens to have a copy of Klarman's letter that t...

"When bargains are scarce, value investors must be patient; compromising standards is a slippery slope to disaster. New opportunities ...

"The doctor is not infallible and does not know everything, and it's a shame that we need to thrust him into a position where he h...

"I think 'virtue' sometimes gets a bad name, especially on the left, because it’s so associated with the Christian virtues and...

"Ambition means tying your well being to what other people say or do. Self-indulgence means tying it to the things that happen to you....

Philosophical Economics: Profit Margins, Bayes’ Theorem, and the Dangers of Overconfidence ( LINK ) 2006 paper from Michael Mauboussin -- ...

The 19 Questions to Ask Your Financial Adviser - by Jason Zweig ( LINK ) GMO White Paper -- The Good Thing About Climate Change: Opportuni...

Another great 2006 quote from Howard Marks, that is probably worth thinking hard about today: The workings of free capital markets requir...

Testing Mattresses with Warren Buffett - By Bill Gates ( LINK ) Habits vs Goals: A Look at the Benefits of a Systematic Approach to Life (...

"I think that a life properly lived is just learn, learn, learn all the time. And I think Berkshire's gained enormously from these...

Howard Marks at a CFA Society India event in Mumbai (video) [H/T @Sanjay__Bakshi ] ( LINK ) Jamie Dimon's 2016 Shareholder Letter ( LI...

Warren Buffett Says Donald Trump Won't Derail the Economy [H/T Will] ( LINK ) Transcript of the 2016 FRMO Corporation Annual Meeting o...