Links - 11/21/2023
“The strategy we’ve adopted precludes our following standard diversification dogma. Many pundits would therefore say the strategy must be riskier than that employed by more conventional investors. We disagree. We believe that a policy of portfolio concentration may well decrease risk if it raises, as it should, both the intensity with which an investor thinks about a business and the comfort-level he must feel with its economic characteristics before buying into it.” —Warren Buffett
2023 GMO Conference - Replay [free registration required] (LINK)
Interview François Rochon (LINK)
Everything Money interview with Guy Spier (video) (LINK)
Can Disney rediscover the magic? (LINK)
Could Your Small Business be the Next Multi-Bagger Stock? - by Ian Cassel (LINK)
Berkshire Hathaway’s Tobacco History Part V - by Gene Hoots (LINK)
Good Bad Billionaire Podcast: Sam Bankman-Fried with Michael Lewis (LINK)
Plain English Podcast: Inside the OpenAI Meltdown (LINK)
“A wise man will make more opportunities than he finds.” —Francis Bacon