Links - 03/29/2023
“Risk is not inherent in an investment; it is always relative to the price paid. Uncertainty is not the same as risk. Indeed, when great uncertainty—such as in the fall of 2008—drives securities prices to especially low levels, they often become less risky investments.” —Seth Klarman
Value After Hours: S05 E12: Christopher Bloomstran, Berkshire Hathaway Review and State of Value (video) (LINK)
Related link: Semper Augustus Investments Group: 2022 Annual Letter
Quick follow-up on Charles Schwab - by David Kim (LINK)
Japan Prepares for a Changing World - by Peter Zeihan (video) (LINK)
Business Breakdowns Podcast: Jim Chanos: A Short Thesis on Data Centers (LINK)
Permanent Podcast: John Fio: Building a World One Hug at a Time (LINK)
Science Museums Take Stock of 1.1 Billion Objects From Around the World (LINK)
An Unconventional Guide to Happiness - by Mark Manson (LINK)
“The struggle alone pleases us, not the victory.” —Blaise Pascal