Manufacturing time, Apple Vision Pro, Access journalism, Henry Ford’s $5/hr wage, Sharing investment ideas, Insurance brokerages, Katalin Karikó’s autobiography, John Randolph of Roanoke
S&P 500 Equal Weight Index
The S&P 500 is dominated by the “magnificent seven” which creates significant concentration risk. The S&P 500 equal weight index offers a possible alternative.
Is the Bible a Great Book?
The life of Jesus Christ is central to the works of many authors, but can we rely on the accuracy of the accounts of his life?
The Digest #187
Damage repair, Claude Shannon, Elon Musk’s pay, Intellectual obesity, Apple Vision Pro, Ignoring the market, Damodaran data updates, Apple packaging, Samsung, Big Pharma
Apple Vision Pro
We could be in the early days of a step-change in how we interact with computers. Apple’s Vision Pro is leading the industry in the field of spatial computing.
Endurance
The amazing story of Shackleton’s legendary voyage to the Antarctic and how his 28 men survived shipwreck, ice floes, and constant danger.
The Digest #186
Macintosh at 40, Coffee Can Investing, Haslams on Pilot, Vision Pro’s missing apps, Investment checklists, Shane Parrish interviews Tom Gayner, Novo Nordisk, Howard Marks on interest rates
Two Sides of the Same Coin
Savings and consumption are joined at the hip. The more we consume during our working years, the longer it will take to achieve financial independence.
Plato’s Apology and Crito
The trial and confinement of Socrates
The Digest #185
Capital Allocation, Progressive’s strategy, Reading plans, Damodaran’s free courses, Looking back at Alibaba’s IPO, Chris Davis, Outsider CEOs, Shareholder activists, Oprah
Mr. Buffett on the Stock Market
This article looks back at Warren Buffett’s warning about elevated stock valuations in 1999 and considers the potential application of his ideas to valuations today.
Reading Plans
The Great Books cast a formidable shadow but most of them were meant to be read by a wide audience. Reading plans make it easier to get started.
Free Articles!
The Rational Walk will make all paywalled articles free six months after publication. Today, paywalls have been removed from twenty-one articles.
The Thirty Second Mind
Charlie Munger was known to have a “thirty second mind” due to his vast multi-disciplinary background. It is increasingly difficult to cultivate such a mind with modern distractions.
The Digest #184
Ed Thorp: A Man for All Markets, Howard Marks on easy money, Active patience, Activist investing, Damodaran’s 2024 data update, Michael Ovitz, Live Oak, Red Bull, Capital allocation
Daily Journal Faces an Uncertain Future
Charlie Munger’s death raises many questions for Daily Journal that remain unanswered following the company’s 10-K and proxy filings.
The Digest #183
Daily Journal, Apple, Costco, Moody’s, Munger’s wisdom, Tesla’s narratives, Tim Urban on writing, Rivian, AI’s morality, AI bubble?, How James Longstreet defied the South after the war
A Seamless Web of Deserved Trust
Warren Buffett and Charlie Munger’s business relationship was founded on a seamless web of deserved trust. Trust is earned over many years. Seamless trust requires decades.