Links - 08/24/2023
“Relying to excess on the fact that something ‘should happen’ can kill you when it doesn’t. Even if you properly understand the underlying probability distribution, you can’t count on things happening as they’re supposed to. And the success of your investment actions shouldn’t be highly dependent on normal outcomes prevailing; instead, you must allow for outliers.” —Howard Marks
Scared Money Don’t Make Money - by Eric Cinnamond (LINK)
Hugging Face raises $235M from investors, including Salesforce and Nvidia (LINK) [I remember Josh Wolfe discussing Lux Capital’s earlier investment in Hugging Face recently, which I believe was on the Odd Lots Podcast last month.]
Odd Lots Podcast: Why Tractor Supply Is One of the Most Interesting Retailers On the Planet (LINK)
Related previous link: Learning from Tractor Supply Company
How Leaders Lead Podcast: Geoff Colvin, Fortune Magazine’s Senior Editor-at-Large – Use deliberate practice to improve (LINK)
Related link: What it takes to be great
Here’s why 6,000 octopuses like to be under the sea at an ‘octopus garden’ [H/T Linc] (LINK)
“Accidents rule men, not men accidents.” —Herodotus