Links - 07/26/2022
“Investing strikes me as being very much like golf, where playing conditions and the performance of competitors can change from day to day, as can the placement of the holes. On some days, one approach to the course is appropriate, but on other days, different tactics are called for. To win, you have to either do a better job than others of selecting your approach or executing on it, or both. The same is true for investors. It’s simple: If you hope to distinguish yourself in terms of performance, you have to depart from the pack. But, having departed, the difference will only be positive if your choice of strategies and tactics is correct and/or you’re able to execute better.” —Howard Marks
Howard Marks Memo: I Beg to Differ (LINK)
Howard Marks on Warren Buffett, Writing Memos, Investing Psychology & Crypto (video) [H/T Linc] (LINK)
Fed Fallacies - by Jason Zweig (LINK)
Walmart Puts Retailers on Discount (LINK)
How Is Income In Retirement Taxed? (LINK)
Plain English Podcast: Crypto Crash Debate (Part I: The Case Against Crypto, Part II: A Debate About the Future of Web3)
The Knowledge Project Podcast: #143 Andrew Wilkinson: Entrepreneurial Insights (LINK)
Investing by the Books: #27 Andrew Wagner: The Economics of Online Gaming (LINK)
One of my favorite pastimes is now America's fastest-growing sport. - by Bill Gates (LINK)
The Creature That Gave Up Parasitism for … Wait, What? - by Ed Yong (LINK)
“Inspiration is a guest that does not willingly visit the lazy.” —Pyotr Ilyich Tchaikovsky