Links - 10/21/2021
“I don’t even think about the timing. In the investment business, it’s very hard to do the right thing, and it’s impossible to do the right thing at the right time.” —Howard Marks [via “Richer, Wiser, Happier”]
Oaktree's Howard Marks on Markets, Crypto, Fed Policy, Distressed Investing (video) (LINK)
Headwinds, Tailwinds - by Jason Zweig (LINK)
Greenlight Capital’s Q3 Letter (LINK)
Consider Your Competition (LINK)
Triggered Disclosures: Escaping the Disclosure Dilemma - by Aswath Damodaran (LINK)
Investing for Financial Storms with Mark Spitznagel (video) (LINK)
Related book: Safe Haven
Paul Tudor Jones on CNBC (Video 1, Video 2)
Energy security in transition - orderly or disorderly? (video) (LINK)
Behind the Balance Sheet Podcast: Episode 3 - Two UK Venture Leaders (LINK)
Business Breakdowns Podcast: Uber: The Undeletable App (LINK)
Land of the Giants Podcast: Apple Saved Music. Why Not TV? (LINK)
Bad Blood: The Final Chapter Podcast: Episode 7: The ADVIA Project (LINK)
Manager Meetings Podcast: Stefan Kaluzny – Sycamore Partners (LINK)
Masters of Scale Podcast: Rapid Response: Launching a $500 billion startup, w/ Jet.com founder and NBA owner Marc Lore (LINK)
Short Wave Podcast: A biodiesel boom (and conundrum) (LINK)
The Daily Stoic Podcast: Steven Pinker on the Pursuit of Rationality (LINK)
Related book: Rationality
Human History Gets a Rewrite (LINK)
Related book: The Dawn of Everything
The Good Part About ‘Waning’ Immunity (LINK)
Naval Ravikant on getting things done, via The Almanack of Naval Ravikant:
Anything you have to do, just get it done. Why wait? You’re not getting any younger. Your life is slipping away. You don’t want to spend it waiting in line. You don’t want to spend it traveling back and forth. You don’t want to spend it doing things you know ultimately aren’t part of your mission.
When you do them, you want to do them as quickly as you can while doing them well with your full attention. But then, you just have to be patient with the results because you’re dealing with complex systems and many people. It takes a long time for markets to adopt products.
It takes time for people to get comfortable working with each other. It takes time for great products to emerge as you polish away, polish away, polish away. Impatience with actions, patience with results. As Nivi said, inspiration is perishable. When you have inspiration, act on it right then and there.