Links - 11/10/2021
“Most people get led astray by emotions in investing. They get led astray by being excessively careless and optimistic when they have big profits, and by getting excessively pessimistic and too cautious when they have big losses.”—John Templeton [via Richer, Wiser, Happier]
Berkshire Hathaway Energy’s 2021 EEI Financial Conference Presentation [H/T Linc] (LINK)
The Master Passion - by William Green (from May 1996) [H/T @colemanrhawkins] (LINK)
Microsoft and the Metaverse - by Ben Thompson (LINK)
When Will the Dow Hit 1,000,000? - by Jason Zweig (LINK)
Tesla's Trillion Dollar Moment: A Valuation Revisit! - by Aswath Damodaran (LINK)
Record fundraising by a nuclear fusion start-up (LINK)
A nuclear fusion start-up backed by Silicon Valley investor Sam Altman and Peter Thiel’s Mithril Capital has secured $500m to demonstrate commercially viable power by 2024 in the largest capital raise yet by a private fusion company.
The investment in US-based Helion is the latest sign of growing private sector confidence in the potential of nuclear fusion to provide clean, cheap power that would fundamentally transform the world’s ability to cut carbon emissions.
The Question We’ve Stopped Asking About Teen-Agers and Social Media - by Cal Newport (LINK)
Business Breakdowns Podcast: HelloFresh: Delivering on Process Power (LINK)
Planet MicroCap Podcast: Ep. 200 - Celebrating 10 Years of MicroCapClub with Ian Cassel and Mike Schellinger (LINK)
Asia Tech Strategy: 7 Things Everyone Is Getting Wrong About Alibaba Singles’ Day (LINK)
The Rest Is History Podcast: 117. Alexander the Great part 2 (LINK)
Plants of the Gods Podcast: S2E10. The Plants of the Apes - How Animals Use Medicinal Plants. Part 2 (LINK)
Origin Stories Podcast: Episode 58: Biruté Mary Galdikas - 50 Years with Orangutans (LINK)
Yuval Noah Harari on “60 Minutes”: The Future of Sapiens (video) (LINK)
In Glasgow, I saw three big shifts in the climate conversation - by Bill Gates (LINK)
“There’s no use running if you’re on the wrong road.” —Warren Buffett
“Getting rich is about knowing what to do, who to do it with, and when to do it. It is much more about understanding than purely hard work. Yes, hard work matters, and you can’t skimp on it. But it has to be directed in the right way. If you don’t know yet what you should work on, the most important thing is to figure it out. You should not grind at a lot of hard work until you figure out what you should be working on.” —Naval Ravikant