Links - 08/08/2022
“When we take a risk, we are betting on an outcome that will result from a decision we have made, though we do not know for certain what the outcome will be. The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome and the linkage between effect and cause is hidden from us.” —Peter L. Bernstein (“Against the Gods”)
Chris Bloomstran’s Twitter thread on Berkshire’s Q2 results (LINK)
Berkshire Hathaway’s Distorted Quarterly Results (LINK)
Tom Russo on WealthTrack (video) (LINK)
What I learned from Prof. Sanjay Bakshi’s Behavioral Economics Course at FLAME University - by Jana Vembunarayanan (LINK)
The Greatest Value Investor You've Never Heard Of (LINK)
Reality Catches Up - by Morgan Housel (LINK)
The US-China Tit-For-Tat Escalations Are Very Dangerous - by Ray Dalio (LINK)
The Un-Recession - by Peter Zeihan (video) (LINK)
The Rob Vinall Podcast: RV Capital's Letter to Co-Investors for the First Half of 2022 (LINK)
The Tim Ferriss Show Podcast: #613: Russ Roberts (LINK)
Market Champions Podcast: 217|An Update on Oil Market Dynamics ft. Rory Johnston (LINK)
Odd Lots Podcast: Jan Hatzius on the Narrow Path to Avoid a Hard Landing (LINK)
Capital Allocators Podcast – Inside the Institutional Investment Industry: Brent Montgomery – The Disney Flywheel at Wheelhouse (LINK)
The Daily Stoic Podcast: John Barry on the Great Influenza and the Value of Truth (LINK)
Why doesn’t Jupiter have even more spectacular rings than Saturn? (LINK)
Bringing Back the Woolly Mammoth (LINK)
“Supposing is good, but finding out is better.” —Mark Twain