Links - 01/09/2022
“Investing is about preserving more than anything. That must be your first thought, not looking for large gains. If you achieve only reasonable returns and suffer minimal losses, you will become a wealthy man and will surpass any gambler friends you may have. This is also a good way to cure your sleeping problems.” —Irving Kahn (via “Richer, Wiser, Happier”)
The Best Investment for This Coming Crazy Year - by Jason Zweig (LINK)
Bill Miller on WealthTrack (video, Part 2) (LINK)
Data Update 1 for 2022: It is Moneyball Time! - by Aswath Damodaran (LINK)
The Debt King - by Jacob Bernstein ($) (LINK)
Ron Perelman seemed to have everything. Until the bill arrived.
Transformations - by Michael Liu (LINK)
Successful business transformations can drive huge returns. A transformation is when a company pivots into something new or expands on its existing business, thus broadening its description and mission. When companies transform, they create unexpected value.
This Week in Intelligent Investing Podcast: Disparity of Large-Cap vs. Small-/Mid-Cap Valuations | Peter Bernstein on Bubbles and Survival (LINK)
Forward Guidance Podcast: The Crisis Brewing in Energy Markets | Tracy Shuchart (LINK)
The Rest Is History Podcast: 134. Crossing the Rubicon: The rise of Julius Caesar (LINK)
30 Animals That Made Us Smarter Podcast: Butterfly and eye implant (LINK)
Omicron Isn't Mild for Hospitals - by Ed Yong (LINK)
“Discontent is likely to be highest when misery is bearable; when conditions have so improved that an ideal state seems almost within reach. A grievance is most poignant when almost redressed…. It is not actual suffering but the taste of better things which excites people to revolt.” —Eric Hoffer (“The True Believer”)