Links - 08/15/2024
“With some, the idea of buying dollar bills for forty cents takes, and with some it doesn’t take. It’s like an inoculation. It’s extraordinary to me. If it doesn’t grab them right away, I find that you can talk to them for years and show them records—you can do everything—and it just doesn’t make any difference. I’ve never seen anyone who became a convert over a ten-year period with this approach. It’s always instant recognition or nothing.” —Warren Buffett
Navigating the Sea Change with Howard Marks at Oaktree Conference 2024 (video) (LINK)
On April 10, Howard Marks opened Oaktree Conference 2024 in Los Angeles with a deep dive into his sea change thesis, exploring the broad implications for the investment world. You can now watch an excerpt of this talk.
Warren Buffett’s Berkshire Hathaway Takes Ulta Beauty Stake, Sending Shares Up (LINK)
Value investing is due for a big comeback - by Rob Arnott (LINK)
Stock Pitch Session at MicroCap Leadership Summit 2024 (LINK)
Today’s Value Investing World newsletter is sponsored by Sorfis Investments. To discuss any Investment Management or Retirement Planning needs that you might have, schedule a call, or send us an email, today.
The Bull Case for David Zaslav’s Warner Bros. Discovery - by William D. Cohan (LINK)
Possible US seaport strike could back up goods for months, shipping experts say (LINK)
Sir Martin Sorrell on the $9bn valuation wipeout of his new world holdco S4Capital (LINK)
Behind the Balance Sheet Podcast: #38 The Cyclist [Peter Oppenheimer] (LINK)
The Journal. Podcast: She Was Google’s First Landlord. And She Changed the Internet. (LINK)
Unusual Origin Found for Asteroid That Killed the Dinosaurs (LINK)
Always Try To Do It The Hard Way - by Ryan Holiday (LINK)
“You must go to the scene of action, first, because men put more faith in their eyes than in their ears, and second, because the way is long if one follows precepts, but short and helpful, if one follows patterns.” —Seneca