Links - 08/29/2023
“We don’t really start out looking to either emerging markets or specific countries or anything of the sort. We may find things as we go around, but it isn’t like Charlie and I talk in the morning and we say, you know, it’s a particularly good idea to invest in Brazil or India or China or whatever it may be. We’ve never had a conversation like that…. When we hear somebody talking concepts, of any sort, including country-by-country concepts or whatever it might be, we tend to think that they’re probably going to do better at selling than at investing…. The thing to do is just find a good business at an attractive price and buy it.” —Warren Buffett (2013)
Rediscovering Berkshire Hathaway’s 1985 Annual Meeting (LINK)
Related link: Outstanding Investor Digest on the Berkshire Hathaway 1986 Annual Meeting
Position Sizing: Optimizing for Better Returns - by Todd Wenning (LINK)
Related previous link: Investing Thoughts and Wisdom (mostly from others) – Part 3
Bridgewater: Has the Fed Tightened Enough? Guideposts to Consider (LINK)
Private Equity Borrows Billions to Bring You Broadband Internet (LINK)
PwC’s accounting podcast: Earnings per share: 5 things you need to know (LINK)
Related previous link: 10-K NAVIGATION GUIDE: A Primer on Reading Annual Reports
The 10-K Podcast: Teledyne - 1967 Annual Report (LINK)
Planet MicroCap Podcast: The MicroCap Double Whammy: Poor Stock Performance + No Allocation = Opportunity, with Jonathan Boyar (LINK)
Cold Call Podcast: As Social Networks Get More Competitive, Which Ones Will Survive? (LINK)
Origin Stories Podcast: Motherhood (LINK)
“Obstacles don’t have to stop you. If you run into a wall, don’t turn around and give up. Figure out how to climb it, go through it, or work around it.” —Michael Jordan