Links

"One, remember to look up at the stars and not down at your feet. Two, never give up work. Work gives you meaning and purpose and life is empty without it. Three, if you are lucky enough to find love, remember it is there and don't throw it away." -Stephen Hawking

The Power of Detachment (LINK)

Piramal Enterprises has the rare distinction of generating annualized shareholder return of 30% over 29 years till 2017. And the architect behind this stunning performance is Ajay Piramal.

Theranos and Silicon Valley's 'Fake It Till You Make It' Culture (LINK)

Billionaire Raises His Bet on Containerships (LINK)

Not a Single Japanese 10-Year Bond Traded Tuesday (LINK)

WorkLife with Adam Grant (podcast): The Team of Humble Narcissists (LINK)

Jordan Peterson on taking responsibility for your life (video) (LINK)

Related book: 12 Rules for Life: An Antidote to Chaos

What a Giant Soda Stream Reveals About the Fate of Corals - by Ed Yong (LINK)

Stephen Hawking (1942–2018) (LINK)

The Universe and Beyond, with Stephen Hawking [aired 10 days ago] (video) (LINK)

This year’s season finale of StarTalk on National Geographic TV was Neil deGrasse Tyson's interview with Stephen Hawking. In memory of his passing, and in celebration of his life, we offer that episode for you here, now, commercial free.

Links

I will be without internet for about the next week. I have some quotes and book excerpts scheduled, but this will be the last compilation of links during that time.

To Buy or Not To Buy: A Checklist for Assessing Mergers & Acquisitions - by Michael Mauboussin, et al. [H/T Hurricane Capital] (LINK)

48 Most Important Things I Learned on Investing from Howard Marks - by Vishal Khandelwal (LINK)

Buffett on Valuation (LINK)

The Story of Carl Braun (CF Braun & Company) (LINK)

How to Own Your Enemies - by Nassim Nicholas Taleb (LINK)

Surviving the Continuous Chain of Disappointments - by Morgan Housel (LINK)

Mohnish Pabrai on the PreMarket Prep podcast (LINK)

Adventures in Finance: A Real Vision Podcast -- Episode 1: India Demonetization (audio) (LINK)

The Focused Rise of Wesley So (LINK)

Yuval Noah Harari on the Think Again Podcast [H/T James] (LINK)

Related book: Homo Deus

Carl Sagan, Stephen Hawking and Arthur C. Clarke - God, The Universe and Everything Else (1988) (video) (LINK)

Related books: 1) A Brief History of Time (Hawking); 2) A Briefer History of Time (Hawking); 3) The Demon-Haunted World (Sagan); 4) 2001: A Space Odyssey (Clarke); 5) How the World Was One (Clarke)

Links

Warren Buffett in New HBO Documentary: ‘I’m Getting Down to Salvage Value’ (LINK)

The Benjamin Graham Financial Network - By Jason Zweig (LINK)

Narrative and Numbers: How a number cruncher learned to tell stories! - by Aswath Damodaran (LINK)

Related book (just released): Narrative and Numbers: The Value of Stories in Business

National Western Stock Show Citizen of the West John Malone known for loyalty, can-do Western spirit [H/T @FrancoOlivera] (LINK)

Related book: Cable Cowboy: John Malone and the Rise of the Modern Cable Business

a16z Podcast: Machine Intelligence, from University to Industry (LINK)

Six Questions for Shane Parrish (LINK)

Stephen Hawking’s Productive Laziness (LINK)

In the 1980s, at the height of his intellectual productivity, Stephen Hawking used to head home from his office between five and six. He rarely worked later. 

Here’s how he explained his behavior to his PhD student Bruce Allen (now a professor at the Max Planck Institute for Gravitational Physics): 

“Bruce, here’s some advice: The problem with physics is that most of the days we don’t make any major headway (on our projects). That’s why you should do other stuff: listen to music, meet good friends. There’s one exception to this rule: If you find a solution for a given problem, you work 24 hours a day and forget everything else. Until the problem is solved in its entirety.”

A Break in the Search for the Origin of Complex Life (LINK)

Book of the day: Command and Control: Nuclear Weapons, the Damascus Accident, and the Illusion of Safety (There is also a PBS documentary that originated from this book, which aired a couple of days ago, HERE. And be sure to check out the Freeman Dyson bonus video, HERE.)