Links - 06/30/2022
“If one fact is glaringly clear in stock-market history, it is that a new-issues craze is always the last stage of a dangerous boom—a warning of impending disaster almost as infallible as Cheyne-Stokes breathing is a warning of impending death. But not so inexorable; if heads could be cooler and memories longer, investors both large and small, professional and amateur, might ward off danger by reading the signs, eschewing the new issues, and lightening their commitments generally. But investors, like other human beings, tragically repeat their mistakes; when the danger signs are plain, the lure of easy money blanks their memories and dissipates their calm.” —John Brooks (“The Go-Go Years”)
Business Breakdowns Podcast: Berkshire Hathaway: The Incomparable Compounder [with Chris Bloomstran] (LINK)
Wealth vs. Getting Wealthier - by Morgan Housel (LINK)
Extreme Beliefs Are the Hardest to Quit (LINK)
Health Savings Accounts: A Triple-Tax-Free Retirement Benefit – 2022 Update (LINK)
The Roundup: Top Takeaways From Oaktree's Quarterly Letters - 2Q2022 (LINK)
Digital tech is turning the unbanked into the banked - by Bill Gates (LINK)
The Wirecard Book - by John Hempton (LINK)
BP’s Statistical Review of World Energy (LINK)
Russia's Debt Default - by Peter Zeihan (LINK)
Grant’s Current Yield Podcast: The Nature and Essence of Interest (LINK)
Related book: The Price of Time: The Real Story of Interest - by Edward Chancellor
Odd Lots Podcast: Jigar Shah on the DOE’s Role In Accelerating The Energy Transition (LINK)
KindredCast Podcast: Snap and Warner Music Chairman Michael Lynton on the Changing Face of Entertainment (LINK)
Freakonomics Radio Podcast: 509. Are N.F.T.s All Scams? (LINK)
Business Wars Podcast: Gucci vs Louis Vuitton | All in the Family | 1 (LINK)
The Tech Strategy Podcast: What Xiaomi Can Learn About Strategy from Apple and Amazon (LINK)
Revisionist History Podcast: The Magic Wand Experiment (LINK)
Revisionist History Podcast: Way to Go, Ohio (LINK)
The Rest Is History Podcast: 202. American Civil War: Gettysburg (LINK)
Notes on the book Why Greatness Cannot Be Planned (LINK)
Notes on the book Building a StoryBrand (LINK)
Don’t Surround Yourself With Admirers: Instead, befriend people who inspire awe in you. (LINK)
This Fall Will Be a Vaccination Reboot (LINK)
A lack of wind keeps a dull haze layer around Uranus (LINK)
Uranus is very similar to Neptune, but looks very different.
“Be more concerned with your character than with your reputation, because your character is what you really are, while your reputation is merely what others think you are.” —John Wooden