Wednesday, June 16, 2021Volume 2, Issue 31 “For the robust, an error is information; for the fragile, an error is an error.” — Nassim Nicholas Taleb, The Bed of Procrustes Articles 34 Mistakes on the Way to 34 Years Old by Ryan Holiday,
Friday, May 28, 2021Volume 2, Issue 29 “You can draw any kind of picture you like on a clean slate and indulge your every whim in the wilderness in laying out a New Delhi, Canberra or Brasília, but when you operate
Friday, January 15, 2021Volume 2, Issue 3 “You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing.” — Charlie Munger Something of Value by Howard Marks,
According to the Financial Times, Google is planning to construct a price index that could eventually serve as an alternative to official government statistics. While the Google Price Index (GPI) is still a work in progress and only tracks web-traded goods, the potential for expansion into other sectors of the economy could provide a more complete picture of inflation in the future. If fully developed, the GPI may keep government statistics honest in periods of higher inflation.
Warren Buffett is not buying into projections of an imminent “double dip” recession and sees a broad based economic recovery ahead. Berkshire Hathaway’s diverse collection of operating companies gives Mr. Buffett a unique view into the health of the overall economy and he has frequently commented on overall economic conditions over the past few years. Read this article for more details.