The Digest #147
Ben Franklin on Free Speech, Berkshire Hathaway, Brookfield Asset Management, ChatGPT, Auto Insurance, Floor & Decor ...
The Digest #146
The Buffalo News, Powell's High Stakes Mission, Longevity, Unsolicited Advice, Disneyland, Paul Graham on Reading, Keith Creel, Howard Marks ...
The Digest #145
Buffett Donates $759 Million to Foundations, The Fall of Nikita Khrushchev, Jack Welch, Howard Marks, The FTX Saga, Chanos on Fraud ...
The Digest #135
The Futility of Forecasting, Occidental Petroleum, Patagonia, Europe's Energy Catastrophe, GE's Rise and Fall, Taleb on Fed and Interest Rates ...
The Digest #134
Growth vs. Value, Apple's New Products, Precision Railroading, Julian Robertson ...
The Digest #129
Fall of the Vanderbilts, Authenticity, Feynman on Evaluating Information, Jerry Seinfeld, Taking the Difficult Path, Howard Marks, Will Thorndike ...
The Digest #128
Truth and Lies, Recession or Hovering?, Forward Guidance, Howard Marks, TransDigm, Tumi & Roam Luggage, Jeremy Grantham ...
The Value of Repetition
Exposing ourselves to timeless principles is beneficial. But we should not be so rigid as to discount the possibility that the world has changed, and we must keep an open mind ...
The Digest #123
Buffett's Estate Plans, Freight Rail Disruptions, Austin's Evolution, Chick-fil-A, Interviews of Vitaliy Katsenelson, Guy Spier, and William Green ...
The Digest #122
Buffett vs. Saylor, Medical Debt, Capital Gains Tax cut?, Jim Chanos, Howard Marks, Andrew Marks, Mohnish Pabrai, Jim Simons ...
The Digest #121
Social Security Reform, ESG, Corporate Cultures, BYD's Batteries, Iatrogenesis, Bored Elon Musk ...
The Digest #109
Trouble Ahead for Housing? ...
The Digest #107
Munger's Alibaba Investment, The Battle of Actium, Cyberattack Insurance, Stanley Druckenmiller, Howard Marks ...
The Digest #95
Executive Compensation, Howard Marks, Innovation Hubs, The Eternal Present ...
The Digest #86
The Fed's Epistemic Arrogance, A World Without Yield, 10-K Diver on Dividends ...
The Digest #73
Vaccine Supply, ACA Changes, Screen Addiction, SPACs, Happiness, Seneca's Death ...
The Digest #70
Grantham, Berkowitz, Marks, Isaacson, and Tulips ...
The Digest #67
Marks and Greenblatt, The Future of NYC, Mental Models, Best Story Wins ...
The Pitfalls of Early Success – A Personal History
"Success makes people think they're smart. That's fine as far as it goes, but there can also be negative ramifications." -- Howard Marks The investing profession tends to attract individuals who, to put it politely, have a healthy sense of ...
Mastering the Market Cycle
"Imagine how much harder physics would be if electrons had feelings!" -- Richard Feynman The goal of many websites is to create "evergreen" content -- that is, content that stands the test of time and will prove to be relevant ...