Links - 04/10/2025
“There’s absolutely no place for certainty in the world of investing, and that’s particularly true at turning points and during upheavals. I’m never sure my answers are right, but if I can reason out what’s most logical, I feel I have to move in that direction.” —Howard Marks
Howard Marks Memo: Nobody Knows (Yet Again) (Memo, Podcast)
FIN DE SIÈCLE - by Grant Williams (LINK)
After publishing a collection of extraordinary essays from five close friends and mentors in the February 2025 edition of Things That Make You Go Hmmm… I’ve received an avalanche of requests to share their wisdom with friends and family, so I’m making the full letter publicly available.
Amazon CEO Andy Jassy’s 2024 Letter to Shareholders (LINK)
Everything You Need to Know About the Basis Trade Spooking Markets (LINK)
The Next Big Idea Podcast: ABUNDANCE: Derek Thompson on How to Actually Rebuild the American Dream (LINK)
Revisionist History Podcast: Running Hot (LINK)
The Rest Is History Podcast: 1066: Slaughter at Stamford Bridge (Part 2) (LINK)
With a Jawbone, Scientists Expand the Ancient Range of a Mysterious Human Relative (LINK)
“The most powerful cause of error is the war existing between the senses and reason.” —Blaise Pascal