Links - 11/28/2021
“The core tenet of what we do is, we invest in emergent and established monopolies and oligopolies that grow earnings power at 20–30% plus, and trade at reasonable prices. We think game selection is the most important thing you ever do as a leader and an investor. What does that mean? Pick a game that you can win that’s valuable….This was the most important decision in my career.” —Yen Liow
Bill Miller’s Journey (Part II): Lessons of Triumph and Tragedy. (LINK)
The latest from Hosking Partners on the capital cycle and The Green Energy Revolution [H/T @mastersinvest] (LINK)
ARP Observations: India becoming the next China (LINK)
On the Front Lines of the Supply-Chain Crisis (LINK)
Good Luck Trying to Fix the Supply Chain Crisis (LINK)
The Investor’s Podcast: TIP399: The Real Life Tony Stark w/ Josh Wolfe (LINK)
Smarter Markets Podcast: David Greely, Senior Economic Advisor at Abaxx I ‘An Energy Transition in Three Corresponding Acts’ Part II (LINK)
What Got You There Podcast: A Distillation Episode on Josh Waitzkin and The Art of Learning (LINK)
The “What is Money?” Show (podcast): The Ultimate Macro Framework with Raoul Pal (LINK)
The Omicron Variant: We Still Know Almost Nothing - by Katherine J. Wu (LINK)
“Balance is crucial in everything we do. Along with love it’s among the most important things in life. I strove for balance in my leadership and coaching and taught that balance was necessary for Competitive Greatness: The body has to be in balance; the mind has to be in balance; emotions must be in balance. Balance is important everywhere and in everything we do.” —John Wooden