Links - 08/08/2023
“Most trends—both bullish and bearish—eventually become overdone, profiting those who recognize them early but penalizing the last to join. That’s the reasoning behind my number one investment adage: ‘What the wise man does in the beginning, the fool does in the end.’ The ability to resist excesses is rare, but it’s an important attribute of the most successful investors.” —Howard Marks
Berkshire Hathaway’s Tobacco History Part II - by Gene Hoots (LINK)
Boyar Research—Fresh Looks 2023 report: General Dynamics [free registration required] (LINK)
The Power of Small Invisible Gestures - by Ian Cassel (LINK)
Tax-Efficient Charitable Giving - by Phil Weiss (LINK)
A Letter a Day: Letter #107: David Packard (1960) (LINK)
The Insight Podcast by Oaktree Capital: Conversations – Fighting the Fed with Armen Panossian, Danielle Poli, and Megan Messina (LINK)
The Knowledge Project Podcast: #173 Frank Slootman: Doing Less, Doing Better (LINK)
Invest Like the Best Podcast: Des Traynor - Real Talk about AI and Software (LINK)
A Bit of Optimism Podcast: The Book of Charlie with David Von Drehle (LINK)
Related book: The Book of Charlie: Wisdom from the Remarkable American Life of a 109-Year-Old Man
“How much more harmful are the consequences of anger and grief than the circumstances that aroused them in us!” —Marcus Aurelius