Links - 10/10/2024
“What was exceptional was the length and extent of the deviations in 1998, 1999 and early 2000. It was always clear that it was hard to predict the deviation and extent of deviations in markets driven by human psychology, and hard to predict the timing of the end of a cycle. It has become blindingly obvious that no one we know and certainly no one at GMO can do this accurately. Perhaps it is in the very nature of an uncertain world that the timing of such things is unknowable. If so, we have to live with the paradox that when we throw up the feathers in the storm, we know nothing about their flight path, how high they will go, or when or where they will land, but still we have complete confidence in one outcome: they will land eventually.” —Jeremy Grantham (Second Quarter 2001 Quantitative Review)
Becoming Berkshire: 1969 Part 2 - Illinois National Bank (LINK)
Roth IRA Conversions For Early Retirees (LINK)
Thinking aloud about Google remedies - by John Hempton (LINK)
Jamie Dimon on AI, IPOs, US Economy, Fed Rates, 2024 Election (video) (LINK)
Value After Hours: S06 E37: Special situations in Europe and the UK with Investor Conor Maguire (video) (LINK)
The Long View Podcast: Jeremy Grantham: The Bigger the New Idea, the More the Market Becomes Overpriced (LINK)
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A Letter a Day: Letter #225: Michael Moritz, Paul Graham, and Guy Kawaski (2009) (LINK)
Massachusetts Schools On the Ballot - by Roger Lowenstein (LINK)
Business Breakdowns Podcast: Gregorys Coffee: From Bean to Dream (LINK)
HBR IdeaCast Podcast: Malcolm Gladwell’s New Take on Tipping Points (LINK)
Revisionist History Podcast: The Tipping Point Revisited: Georgetown Massacre Part 2 (LINK)
The Rest Is History Podcast: The Roman Conquest of Britain: To the Ends of the Earth (Part 4) (LINK)
Origin Stories Podcast: Ape Medicine (LINK)
“It is our attitude at the beginning of a difficult task which, more than anything else, will affect its successful outcome.” —William James
“Ability is what you’re capable of doing. Motivation determines what you do. Attitude determines how well you do it.” —Lou Holtz