Links - 07/11/2022
“Life is a school of probability.” —Walter Bagehot
“If you don't get this elementary, but mildly unnatural, mathematics of elementary probability into your repertoire, then you go through a long life like a one-legged man in an ass-kicking contest. You're giving a huge advantage to everybody else.” —Charlie Munger
Charlie Munger invests in Aussie Berkshire Hathaway ‘soulmate’ [H/T Linc] (LINK)
Charlie Munger’s best investment tips [H/T Linc] (LINK)
In an exclusive interview following his personal investment with Melbourne-based investment company Stonehouse Corporation, The Australian Financial Review asked Munger to discuss his investment tips.
Richer, Wiser, Happier Podcast: How to Build Enduring Wealth w/ Guy Spier (Part 1, Part 2) [If you’d prefer the video or transcript versions…. Part 1, Part 2)
EconTalk Podcast: Nassim Nicholas Taleb on the Nations, States, and Scale (LINK)
The End of Germany's World - by Peter Zeihan (LINK)
Germany shut down the Nord Stream 1 Pipeline today for a pre-scheduled 10-day maintenance period. Whether or not Russian natural gas will resume westward flows to Germany after repairs are made is anybody's guess.
This Week in Intelligent Investing Podcast: The Futility of Recession Forecasting as Part of an Investment Process (LINK)
Capital Allocators Podcast – Inside the Institutional Investment Industry: Rob Citrone (LINK)
Odd Lots Podcast: Josh Younger Explains Why the Bond Market Has Been So Volatile (LINK)
TED Talk: How we could solve the dark matter mystery | Chanda Prescod-Weinstein (LINK)
Is BA.5 the ‘Reinfection Wave’? - by Ed Yong (LINK)
“It’s easy to be passionate about things that are working out, but they drain your passion as they fail.” —Scott Adams
“In hindsight, it looks as if the projects I was most passionate about were also the ones that worked. But objectively, my passion level moved with my success. Success caused passion more than passion caused success.” —Scott Adams