Links - 06/13/2023
“One of the great things about portfolio management and a great lesson to learn…is you don’t really take large positions in things that you think are going to make tens times your money or twenty times your money. Really, we took big positions in things that we didn’t think we’d lose money in.” —Joel Greenblatt
HFA Fireside Chat with Hedge Fund Manager Joel Greenblatt (video, recorded April 17, 2023) [H/T @FocusedCompound] (LINK)
Microsoft’s Satya Nadella Is Betting Everything on AI (LINK)
Google CEO Vows Not to Rush AI and Says Efficiency Drive Continues (LINK)
Goldman Sachs Is at War With Itself (LINK)
Part 1: Current State of the Housing Market; Overview for mid-June - by Bill McBride (LINK)
Ray Dalio Talks About The Changing World Order With Steve Forbes | Forbes Iconoclast Summit (video) (LINK)
Mary Callahan Erdoes, Bruce Flatt, Dambisa Moyo Talk Geopolitical Risks | Forbes Iconoclast Summit (video) (LINK) [“The most underappreciated thing in the world, most of the time, is the long-term compounding of wealth…. Great wealth is created by compounding. So stay invested. Buy great things with great people and great companies.” —Bruce Flatt]
Invest Like the Best Podcast: Scott Goodwin - Know The Names (LINK)
Against the Rules with Michael Lewis Podcast: On Background: Effective Altruism Still Has Friends (LINK)
Acquired Podcast: Uber CEO Dara Khosrowshahi (LINK)
The Tony Robbins Podcast: Secret Recipe for Success | Chik-fil-A’s Dan Cathy on Family, Faith & Exceptional Service (LINK)
Biden’s Dilemma at the Border - by Dexter Filkins (LINK)
The Ghost of Cassiopeia (LINK)
“No rational argument will have a rational effect on a man who does not want to adopt a rational attitude.” —Karl Popper