Links

How Google Is Challenging AWS - by Ben Thompson (LINK)

Get Thee to a Brokerage! Low Rates Turn Nuns Into Traders (LINK)

Jim Koch on scary vs. dangerous (LINK)

Related book: Quench Your Own Thirst 

Related links: 1) How I Built This podcast - Samuel Adams: Jim Koch; 2) Jim Koch: "Quench Your Own Thirst" | Talks at Google

The Knowledge Project podcast: Samuel Arbesman on Complex Adaptive Systems and the Difference between Biological and Physics Based Thinking (LINK)

Related book: Overcomplicated: Technology at the Limits of Comprehension

Meb Faber talks with Mark Yusko (podcast) (LINK)

a16z Podcast: Knowledge Builds Technology and Technology Builds Knowledge (LINK)

Related book: A Culture of Growth: The Origins of the Modern Economy

Your Most Important Thing Is Not Enough (LINK)

Links

Welling on Wall St. interview with Mark and Jonathan Boyar [H/T @chriswmayer] (LINK)

Two Important Investment Principles - By John Huber (LINK)

Related previous post: Glenn Greenberg on zeroing in and not getting caught up in the minutiae

Big Names Take Hit on Theranos (LINK)

High-profile private investors gave startup much of its funding but could see their stakes wiped out

Bill Walton, Old Einhorn Enemy, Makes a Comeback With Trump Role [H/T @jasonzweigwsj] (LINK)

Related book: Fooling Some of the People All of the Time

Sebastian Mallaby on Charlie Rose discussing his latest book, The Man Who Knew: The Life and Times of Alan Greenspan (video) (LINK)

The Man Behind Shake Shack Explains Why You Love It So Much (podcast) [H/T @iddings_sean] (LINK)

How Otto Defied Nevada and Scored a $680 Million Payout from Uber (LINK)

Tools of Titans: Josh Waitzkin Distilled - by Tim Ferriss (podcast) (LINK)

Related book: Tools of Titans: The Tactics, Routines, and Habits of Billionaires, Icons, and World-Class Performers  

Related previous post (with other links): Josh Waitzkin on The Tim Ferriss Show

Video: How We Get Hooked, & How to Unlearn Our Patterns - By Leo Babauta (webinar) (LINK)

Seneca was a man, not a Sage - by Massimo Pigliucci (LINK)

Related free Kindle book (published in 1920): The Stoic: A biography of Seneca

Links

Marc Andreessen interview with The Verge (LINK)

How Domino’s Pizza Reinvented Itself [H/T @iancassel] (LINK)

Six Questions for Dan Gardner (LINK)

Related book: Superforecasting: The Art and Science of Prediction

Podcast: Tony Robbins interviewing John Wooden over 20 years ago (LINK)

Cyber Monday book deals for Kindle:

The Kindle Edition of Intelligent Fanatics Project is half-off today.

Amazon also has a bunch of Kindle books on sale. Here are some titles that stood out to me:

Business Adventures: Twelve Classic Tales from the World of Wall Street - by John Brooks

Predictably Irrational - by Dan Ariely

Phishing for Phools - by George A. Akerlof and Robert J. Shiller

The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger - by Marc Levinson

The Toyota Way - by Jeffrey Liker

The Four Pillars of Investing - by William J. Bernstein

How to Talk to Anyone: 92 Little Tricks for Big Success in Relationships - by Leil Lowndes

Unlimited Memory: How to Use Advanced Learning Strategies to Learn Faster, Remember More and be More Productive - by Kevin Horsley

Body by Science - by John R. Little and Doug McGuff

How to Grow Old: Ancient Wisdom for the Second Half of Life - by Marcus Tullius Cicero

And for Audible members, the "Treat Yourself Sale 2016" goes on through tomorrow.

Links

A Dozen Things Warren Buffett and Charlie Munger Learned From See’s Candies - by Tren Griffin (LINK)

Some of the Wisest Words Ever Spoken About Investing - by Jason Zweig (LINK)

Five Good Questions for Sundeep Bajikar about his book Equity Research for the Technology Investor: Value Investing in Technology Stocks (video) (LINK)

Robert Cialdini on the Innovation Ecosystem podcast (LINK)

Related book: Pre-Suasion

50 Things That Made the Modern Economy podcast: Concrete (LINK)

a16z Podcast: Drones for Delivery in Healthcare (LINK)

The Need to Read (LINK)

How Surgeons Stay Focused for Hours [H/T Abnormal Returns] (LINK)

Inside the Private Lives of Orangutans (LINK)

Links

Mohnish Pabrai Lecture at Boston College (Carroll School of Mgmt) - Nov 3, 2016 (video) (LINK)

Latticework of Mental Models: Lucifer Effect (LINK)

James Simons’s Foundation Starts New Institute for Computing, Big Data [H/T Will] (LINK)

Joshua Foer: "Atlas Obscura: An Explorer's Guide to the World's Hidden Wonders" | Talks at Google (LINK)

Related book: Atlas Obscura: An Explorer's Guide to the World's Hidden Wonders

Jupiter Unwrapped (LINK)

Audible's "Treat Yourself Sale 2016"

Audible's latest sale is a big one, with some great titles. Below are some that stood out to me (prices range from $4.95 to $6.95):

Titan: The Life of John D. Rockefeller, Sr. - by Ron Chernow

The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance - by Ron Chernow

Endurance: Shackleton's Incredible Voyage - by Alfred Lansing

The Black Swan: The Impact of the Highly Improbable - by Nassim Nicholas Taleb

Boomerang: Travels in the New Third World - by Michael Lewis

The Hard Thing About Hard Things: Building a Business When There Are No Easy Answers - by Ben Horowitz

Think and Grow Rich - by Napoleon Hill

Talent Is Overrated: What Really Separates World-Class Performers from Everybody Else - by Geoff Colvin

The Virgin Way: Everything I Know about Leadership - by Richard Branson

Freakonomics: Revised Edition - by Steven D. Levitt,  Stephen J. Dubner

Naked Statistics: Stripping the Dread from the Data - by Charles Wheelan

10% Happier: How I Tamed the Voice in My Head, Reduced Stress Without Losing My Edge, and Found a Self-Help That Actually Works - by Dan Harris

Algorithms to Live By: The Computer Science of Human Decisions - by Brian Christian,  Tom Griffiths

Leaders Eat Last: Why Some Teams Pull Together and Others Don't - by Simon Sinek

Lincoln - by David Herbert Donald

John Quincy Adams - by Harlow Giles Unger

The Greater Journey: Americans in Paris - by David McCullough

The Graveyard Book (Full-Cast Production) - by Neil Gaiman

The Fellowship of the Ring: Book One in The Lord of the Rings Trilogy - by J.R.R. Tolkien

...................

As a reminder around holiday shopping season, you can support this blog by shopping on Amazon through THIS LINK (also available on the right side of the homepage). If you choose not to use the link for this blog, consider using the link for one of your other favorite blogs. Overall, it's a good way to support the bloggers of the world without directly using their sites' donation tabs and tip jars.

Links

Surprise! Warren Buffett turns out to be more prescient about stocks than politics - by  Carol J. Loomis (LINK)

...Buffett’s prediction concerned what magnitude of total returns—stock appreciation plus reinvested dividends—U.S. investors would reap in the 17 years that began as 1999 was moving to its close. Buffett made the prediction originally in July of that year in a speech he gave at an Allen & Co. conference; repeated it in several speeches over the next few months; and worked with this writer to turn the speeches into a Fortune article, “Mr. Buffett on the Stock Market,” that ran in our Nov. 22, 1999 issue. You will notice that today is precisely 17 years later. 

...Net of the trading and management costs that investors incur, he said—implying that these costs could strip investors of a percentage point in their return—he predicted they might realize annual returns in the 17-year period from late 1999 to late 2016 that would be a so-so 6%. 

Today, with the 17 years having passed, what is the answer? 

First of all, be reminded that the stock market—as it is presented by the Dow and Standard & Poor’s indices, for example—does not deal in “net” returns. What you monitor on your computer screens are gross returns, before any trading and management costs are deducted. 

But the record shows that the period’s gross returns are anemic enough to confirm Buffett’s general accuracy. From mid-November, 1999, to last Friday’s trading day, the annualized total return to investors from the Dow Industrials was 5.9%.

Q&A With Jack Bogle: ‘We’re in the Middle of a Revolution’ (LINK)

Ackman Admits Mistake, but Chipotle Bet Could Be Another [H/T @HurriCap] (LINK)

Ed Yong "I Contain Multitudes" | Talks at Google (LINK)

Related book: I Contain Multitudes: The Microbes Within Us and a Grander View of Life

David Macaulay: "The Way Things Work Now" | Talks at Google (LINK)

Related book: The Way Things Work Now

Mars Is Going Through a Bit of a Dry Spell. How Do We Know? Rusty Meteorites. (LINK)

These Web-Footed Monkeys Are Built For Swimming (video) (LINK)

Links

How I Built This is a podcast - Southwest Airlines: Herb Kelleher (LINK)

Related book: Nuts!: Southwest Airlines' Crazy Recipe for Business and Personal Success

Fairholme Capital Management Public Conference Call Transcript [H/T Will] (LINK)

Alfred P. Sloan on Automobile Distribution (LINK)

Related book: My Years with General Motors

Don’t Be A Chicken - by Ian Cassel (LINK)

Reflecting on Mass Customization - by Shai Dardashti (LINK)

In the game of life, anything times zero must still be zero - by Rory Sutherland (LINK)

Edge #482: Glitches - A Conversation With Laurie Santos (LINK)

Links

Notes from Warren Buffett’s Meeting with University of Maryland Students (LINK)

25iq: Why Moats are Essential for Profitability (Restaurant Edition) - by Tren Griffin (LINK)

Morgan Creek Capital Management's Q3 Letter (LINK)

Udemy: Value Investing, Taught by Six Superinvestors [H/T @HurriCap] (LINK)

Mohnish Pabrai's Interview with ET NOW on Trump, Demonetization and Value Investing (LINK)

Decoding Amazon's Fashion Ambitions [H/T @BaseHitInvestor] (LINK)

Inside a Moneymaking Machine Like No Other [H/T Matt] (LINK)

The Medallion Fund, an employees-only offering for the quants at Renaissance Technologies, is the blackest box in all of finance.

The Big Short: is the next financial crisis on its way? [H/T Hurricane Capital] (LINK)

Steve Eisman saw the last crash coming and was portrayed in an Oscar-winning film. Now he believes Europe’s banks, especially Italy’s, are at risk

50 Things That Made the Modern Economy podcast: The Shipping Container (LINK)

Related book: The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger

Links

Capital Allocation Outside the U.S. -- Evidence, Analytical Methods, and Assessment Guidance - by Michael Mauboussin, et al. [H/T @HurriCap] (LINK)

Latticework of Mental Models: Porter’s Five Forces Analysis (LINK)

An interview with Guy Spier (Part 1, Part 2)

Family Feuds: The Promise and Peril of Family Group Companies! - by Aswath Damodaran (LINK)

The Strange Consequences of India’s Banknote Ban (audio plays) [H/T Matt] (LINK)

Valeant's Pharmacy Ties Get Even Murkier (LINK)

Valeant and Philidor after the criminal charges - by John Hempton (LINK)

Wal-Mart Tackles Food Safety With Trial of Blockchain [H/T Matt] (LINK)

Exponent podcast: Episode 096 — Sins of Commission and Omission (LINK)

The Economist reviews the book The Great Convergence: Information Technology and the New Globalization (LINK)

Obama Reckons with a Trump Presidency - by David Remnick (LINK)

Professor Stephen Hawking: Humanity will not survive another 1,000 years if we don’t escape our planet [H/T Will] (LINK)

Charlie Munger flashback of the day.... At the 2015 Daily Journal Annual Meeting, Munger was asked a question relating to how he reads. His response:

"I've never taken notes. I never kept notes when I was a student. I just read what I please when I feel like reading it, and I think what I think when I feel like thinking it. And that's my system. I don't think it's the right system for everybody, but it seems to have worked well enough for me to enable me to get by."