Links - 03/13/2025
“Since buying from a forced seller is the best thing in our world, being a forced seller is the worst. That means it’s essential to arrange your affairs so you’ll be able to hold on—and not sell—at the worst of times. This requires both long-term capital and strong psychological resources.” —Howard Marks
Compass in Talks to Buy Warren Buffett’s Real-Estate Brokerage Unit (LINK)
Money Maze Podcast: Unlocking Investment Wisdom - With Howard Marks, Co-Founder of Oaktree Capital Management (Video, Podcast)
GMO Quarterly Letter: Trade: The Most Beautiful Word in the Dictionary (Part 1) (LINK)
On Stock-Picking in Volatile Environments - by Drew Dickson (LINK)
Certainty is now a scarcity in markets - by Richard Bernstein (LINK)
CNBC’s full interview with U.S. Treasury Secretary Scott Bessent (video) (LINK)
Larry Wilmore Podcast: George & Teddy Kunhardt on ‘Becoming Katharine Graham’ [H/T Linc] (LINK)
Dwarkesh Podcast: Joseph Henrich – Why Humans Survived and Smarter Species Didn’t (Video, Podcast)
The Rest Is History Podcast: 547. The French Revolution: The Execution of the King (Part 4) (LINK)
Toxic preconditions (LINK)
How I’m Decluttering My Life This Spring - by Ryan Holiday (LINK)
What it will really take to feed the world - by Bill Gates (LINK)
Related book: How to Feed the World: The History and Future of Food - by Vaclav Smil
“Convictions are more dangerous enemies of truth than lies.” —Friedrich Nietzsche