The Digest #197
Interest rates, Passive investing, Ben Graham as a young man, Daniel Kahneman, Ken Langone, Lawrence Cunningham, Reed Hastings, Steve Eisman ...
The Digest #196
Daniel Kahneman (1934 — 2024), Biglari Holdings, Classical education, Sports gambling, Ackman on Disney's proxy war, Lessons from Paul Graham, Dunbar's number ...
The Benefits of Zooming Out
If you are a long-term investor, it is pointless to update the quotes for your portfolio on a daily basis. There is simply too much day-to-day noise to make this exercise meaningful ...
The Digest #82
Kahneman on AI, PPP Fraud, Druckenmiller on the Fed, Greenblatt on Investing ...
The Digest #81
Tax Policy, SPACs, David Swensen, Bruce Flatt on Offices, Masks ...
The Digest #78
Corporate Taxes, Greenlight Capital, Feedback Loops, Probability, Kahneman, Grant ...
The Undoing Project: A Friendship That Changed Our Minds
The belief that human beings are fundamentally rational individuals is perhaps the most important foundational element of modern economics.  While no economist would ever claim that all individuals are rational all the time, it has long been thought that rational ...
Interesting Reading – December 12, 2016
In this series, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing.   Why Mohnish Pabrai Likes GM, Fiat, and Southwest Air - Barron's, December 9, 2016.  Mohnish Pabrai's Pabrai Funds ...
Interesting Reading – November 25, 2016
In this series, we suggest worthwhile reading material on a variety of topics, not all of which are directly related to investing.   The Big Short: Is the next financial crisis on its way? - The Guardian, November 19, 2016.  Steve ...