Links - 01/12/2025
“People are going to want your time. That’s the only thing you can’t buy. I can buy anything I want, basically, but I can’t buy time…. I better be careful with it. There’s no way I will be able to buy more time.” —Warren Buffett [Source]
“We don’t mind long periods in which nothing happens. Warren is exactly the same way. Warren’s sitting on top of an empire now. You look at his schedule sometime and there’s a haircut. Tuesday, haircut day. That’s what created [one of the] world’s most successful business records in history. He has a lot of time to think.” —Charlie Munger [Source]
Warren Buffett Prepares His Middle Child for the Job of a Lifetime (LINK)
Adam Mead has a bunch of old issues of Outstanding Investor Digest on his site’s Resources Page. We’ve also previously linked to a 1986 issue excerpt on Berkshire, which doesn’t look like it’s in that collection yet. And for those that like these, you might also like some of the things on VIW’s Resources Page as well.
State of the Markets Podcast: #212 Tony Deden - Master Value Investor (LINK)
Related previous links: 1) A Conversation with Anthony Deden (transcript); 2) Tony Deden talks with Grant Williams (video)
Richer, Wiser, Happier Podcast: Trouble Ahead w/ Bill Priest (Video ,Podcast)
CBS Sunday Morning interview with Jamie Dimon (video) (LINK)
A Conversation with Michael Melby of Gate City Capital Management (LINK)
How You Can See Through Wall Street’s Ritual of Wrong - by Jason Zweig (LINK)
Data Update 1 for 2025: The Draw (and Danger) of Data - by Aswath Damodaran (LINK)
Today’s Value Investing World newsletter is sponsored by Sorfis Investments. To discuss any Investment Management or Retirement Planning needs that you might have, or to get a second opinion on your portfolio, Contact Us today.
BG2 Podcast: Market Predictions, Rates & Inflation, DOGE, CES, AI Compute (Video, Podcast)
The Joe Rogan Experience Podcast: #2255 - Mark Zuckerberg (Video, Podcast)
The Tech Strategy Podcast: 5 Things Everyone Gets Wrong About Economies of Scale (LINK)
Freakonomics Radio Podcast: 617. Are You Really Allergic to Penicillin? (LINK)
Plain English Podcast: ‘The Anti-Social Century’: America’s Epidemic of Solitude—and How to Fix It (LINK)
The Daily Stoic Podcast: Greeking Out’s Kenny Curtis on How Ancient Myths Teach The Human Experience (LINK)
171 Years of Writing Knowledge in 90 Minutes (Video, Podcast)
“More than your salary. More than the size of your house. More than the prestige of your job. Control over doing what you want, when you want to, with the people you want to, is the broadest lifestyle variable that makes people happy. Money’s greatest intrinsic value—and this can’t be overstated—is its ability to give you control over your time.” —Morgan Housel (“The Psychology of Money”)