Links - 02/17/2025
“The longer I’m involved in investing, the more impressed I am by the power of the credit cycle. It takes only a small fluctuation in the economy to produce a large fluctuation in the availability of credit, with great impact on asset prices and back on the economy itself.” —Howard Marks
Margin of Safety MasterClass: How to think about value investing [featuring Seth Klarman] (video) (LINK)
Buffett’s Berkshire Holds On to Apple Shares, but Trims Stakes in BofA, Citi and Capital One (LINK)
The Great EBITDA Illusion (LINK)
The Brooklyn Investor: The Magnificent Seven, MKL (LINK)
Inflation Isn’t Going Away? Some Tips on How to Buy TIPS - by Jason Zweig (LINK)
An American Financier’s No Good, Very Bad British Adventure (LINK)
Bill Gates and Patrick Collison: In Conversation at CHM (video) (LINK)
How to Prepare for the AI Age: US-China, War, Job Loss | Tyler Cowen (Video, Podcast)
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The Business Brew Podcast: Private Credit Risks and Opportunities (LINK)
Far From The Finishing Post Podcast: Matthew McLennan (First Eagle) - Investing for Resilience (LINK)
Modern Wisdom Podcast: #904 - Rory Sutherland - The Secret Weapons Of Marketing Psychology (Video, Podcast)
Shawn Ryan Show Podcast: #171 Palmer Luckey - Superhuman Soldiers, AI Missiles and Exoskeletons in Warzones (LINK)
The Rest Is History Podcast: Horror in the Congo: A Conspiracy Unmasked (Part 3) (LINK)
Short History Of... Podcast: Pablo Picasso (LINK)
There Goes My Hero - by Ben Carlson (LINK)
“A wise man will desire no more than what he may get justly, use soberly, distribute cheerfully, and leave contently.” —Benjamin Franklin