Links - 01/19/2022
“It only takes one moment of overconfidence, distraction, or sloppiness to undo a lifetime of painstaking compounding.” —Seth Klarman
Seth Klarman rings the alarm on speculation, complacency, and inflation in his annual letter. (LINK) [If anyone happens to have a copy of the full letter that they could pass along, it would be much appreciated.]
Bryan Lawrence presentation: “A stock-picker’s two challenges” (video) [H/T @williamgreen72] (LINK)
The First Great Investing Virtue - by Jason Zweig (LINK)
Data Update 2 for 2022: US Stocks kept winning in 2021, but… - by Aswath Damodaran (LINK)
The Anchoring Effect (LINK)
Business Breakdowns Podcast: Peloton: Reinventing the Wheel (LINK)
Planet MicroCap Podcast: Ep. 210 - Simplify with William Green, Author of “Richer, Wiser, Happier” (LINK)
The Meb Faber Show (podcast): #384 – Robert Cantwell, Upholdings - The Man Behind The First Hedge Fund to ETF Conversion (LINK)
This organization is working to create a world without pandemics - by Bill Gates (LINK)
Ed Yong, one of my favorite science writers, has a new book coming out this year which looks fun and has nothing to do with the pandemic: An Immense World: How Animal Senses Reveal the Hidden Realms Around Us
“Nothing brings more pain than too much pleasure; nothing more bondage than too much liberty.” —Benjamin Franklin (1738)