Links - 10/14/2020
“I have no idea whether we’ll see inflation, stagflation, stagnation, disinflation or deflation, and Oaktree won’t bet on any of them. It’s one of the tenets of our investment philosophy that our investment decisions aren’t driven by macro forecasts. Not that it wouldn’t be nice to know what the future holds in these regards; rather it’s simply that most investors – and certainly we – aren’t capable of superior judgments about the macro. So why bet?” —Howard Marks
Howard Marks Memo: Coming into Focus (LINK)
Warren Buffett knows these are the best investors to follow with your own money - by Lawrence A. Cunningham [H/T @pcordway] (LINK)
Disney and Integrators Versus Aggregators - by Ben Thompson (LINK)
Disney Reorganization Puts a Sharper Focus on Streaming (LINK)
Disney reorganizes media and entertainment businesses (video) (LINK)
Why Are So Many Unprofitable Companies the Best Performing Stocks This Year? (LINK)
The Acquirers Podcast: Applied Value: David Horn (LINK)
Invest Like the Best Podcast: Jacqueline Novogratz – Investing in Dignity and Character (LINK)
The Knowledge Project Podcast: #94 Chamath Palihapitiya: Understanding Yourself (LINK)
Bio Eats World Podcast: Biology by Design (LINK)
What Psychedelic Mushrooms Are Teaching Us About Human Consciousness (LINK)
“Remember how passionately you yearned in the past for many of the things which you hate or despise now. Remember how many things you lost trying to satisfy your former desires. The same thing could happen now, with the desires which excite you at present. Try to tame your present desires, calm them; this is most beneficial, and most achievable.” —Leo Tolstoy