Links - 04/18/2022
“In business, thoughtful whispering works, which makes it all the more remarkable that the investment industry, as well as many economic commentators, spend so much time shouting. So much commentary espouses certainty on a multitude of issues, and so little of what is said is, at least in our opinion, knowable. The absolute certainty in the voice of the proponent so often seeks to mask the weakness of the argument. If Zak and I spot this, we metaphorically tune out. In our opinion, just a few big things in life are knowable. And it is because just a few things are knowable that Nomad has just a few investments.” —Nick Sleep [June 30, 2009 Letter]
Jake Taylor’s April 2022 Client Letter (LINK)
The Stock Market’s Future Ain’t What It Used to Be - by Jason Zweig (LINK)
How You Compete (LINK) [“If you want success, figure out the price, then pay it. It sounds trivial and obvious, but if you unpack the idea it has extraordinary power.” —Scott Adams]
Elon Musk’s interview with TED’s Chris Anderson (video) (LINK)
The Chips That Rebooted the Mac (LINK)
Nick Timiraos with David Wessel: How Jay Powell and the Fed Prevented Economic Disaster (video) (LINK)
Related book (recommended by Warren Buffett last week): Trillion Dollar Triage
A Conversation With Singapore Prime Minister Lee Hsien Loong (from March 30th) (LINK)
Sweden and Finland Reconsider NATO - by Peter Zeihan (LINK)
The End of the World: Civilization and Technology - by Peter Zeihan (LINK)
Related book (available for pre-order): The End of the World Is Just the Beginning
Why the Past 10 Years of American Life Have Been Uniquely Stupid - by Jonathan Haidt (LINK) [Haidt also discussed this essay with Bari Weiss on the Honestly Podcast.]
Venture Stories Podcast: Reinventing American Manufacturing: Katherine Boyle (a16z), Josh Wolfe (Lux), Chris Power (Hadrian) (LINK)
Insecurity Analysis Podcast: Max Frumes: The Caesar’s Palace Coup and Distressed Investing (LINK)
Grant’s Current Yield Podcast: The 70% Club (LINK)
State of the Markets Podcast: #149 Doomberg (LINK)
Odd Lots Podcast: This Is The Challenge Of Securing The Battery Supply Chain (LINK)
FT Tech Tonic Podcast: US-China Tech Race: Shock and Awe (LINK)
Dan Carlin's Hardcore History: Addendum Podcast: EP 20 A Republic Lost at Sea (LINK)
Professor Barry Strauss and Dan talk about Cleopatra, Mark Antony, Julius Caesar, Augustus Caesar and a host of historical luminaries in a tale worthy of Shakespeare as the Roman Republic goes down with the ships at Actium.
Have We Already Ruined Our Next COVID Summer? (LINK)
Meet the future in this online series about climate change - by Bill Gates (LINK)
“I am beginning to learn that it is the sweet, simple things of life which are the real ones after all.” ―Laura Ingalls Wilder