Links - 06/21/2023
“When an enterprise pursues questionable accounting policies, all its securities must be shunned by the investor, no matter how safe or attractive some of them may appear.... You cannot make a quantitative deduction to allow for an unscrupulous management; the only way to deal with such situations is to avoid them.” —Benjamin Graham & David Dodd
The 7th Edition of Security Analysis was published. One of the most noticeable additions is an introductory section by Todd Combs.
Project Punch Card - How To Be a Great Analyst - Presentation by Alix Pasquet III (video) (LINK)
Mohnish Pabrai’s Q&A session with the Finance Club of IIT Patna on May 10, 2023 (video) (LINK)
Why You Believe The Things You Do - by Morgan Housel (LINK)
Oaktree Insights – The Roundup: Top Takeaways from Oaktree’s Quarterly Letters – June 2023 Edition (LINK)
What Really Happened the Night the Nickel Market Broke (LINK)
Murky world of global food trading is too important to ignore (LINK)
The Meb Faber Show Podcast: Ben Inker & Tom Hancock, GMO – The Value and Quality Opportunity (LINK)
Business Breakdowns Podcast: Roku: One Stop Streaming Shop (LINK)
Business Wars Podcast: Target vs Walmart | Bricks and Bytes | 4 (LINK)
The Rest Is History Podcast: 343. Oppenheimer: The Father of the Atom Bomb (LINK)
Killer Whales Are Not Our Friends (LINK)
“Judge a man by his questions rather than his answers.” —Voltaire