Links - 08/22/2022
“Nothing says that today is going to repeat the experience of yesteryear. In fact, rather the odds are against that just simply because history is never so helpful as to repeat itself literally, otherwise imagine how rich the historians would be. They say, and what they say is true, that one’s first experience in markets and with money is deeply formative; imprints itself on you. And the best investors, the nimblest and most successful, are the ones who can put that formative experience aside—or at least put it into perspective—and not imagine that they must repeat the experiences of their youth in their middle years.” —Jim Grant [via the RWH Podcast below]
Richer, Wiser, Happier Podcast: Fear the Fed w/ Jim Grant (Podcast, Video and Transcript)
Warren Buffett Not Expected to Bid for Control of Occidental Following Approval for Bigger Stake (LINK)
BYD, Tesla’s Chinese Rival, Is Coming Into Its Own (LINK)
How to Beat the Stock Market Without Even Lying - by Jason Zweig (LINK)
Hosking Post: Strong back, soft front, wild heart [H/T @mastersinvest] (LINK)
Bubbles and bears (LINK)
Unbundling the unbundlers - The end of winner-takes-all (LINK)
The Learning Leader Show Podcast: 486: Brent Beshore (LINK)
What Got You There Podcast: #312 Paul Black - CEO of WCM Investment Management (LINK)
Business Breakdowns Podcast: ChargePoint: Leading the EV Charge (LINK)
Odd Lots Podcast: This Is What Actually Determines the Price of A Gallon of Gas (LINK)
Masters in Business Podcast: Bill Browder on High Finance, Murder and Justice (LINK)
MacroVoices Podcast: Leigh Goehring: The Global Food & Fertilizer Crisis Is Much Bigger Than Russia/Ukraine [starting at the 9:55 mark] (LINK)
Does DNA Prove These Wild Horses Came From a Spanish Shipwreck? (LINK)
“One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.” —Carl Sagan