Links - 12/12/2021
“Charlie and I frequently get approached about acquisitions that don’t come close to meeting our tests: We’ve found that if you advertise an interest in buying collies, a lot of people will call hoping to sell you their cocker spaniels. A line from a country song expresses our feeling about new ventures, turnarounds, or auction-like sales: ‘When the phone don’t ring, you’ll know it’s me.’” —Warren Buffett
Meet the Kidd Who Goes Toe to Toe With Warren Buffett - by Jason Zweig (LINK)
Mohnish Pabrai’s Q&A session with students at the University of Georgia (video) (LINK)
Managing across the Corporate Life Cycle: CEOs and Stock Prices! - by Aswath Damodaran (LINK)
The David Rubenstein Show: Hilton CEO Chris Nassetta (video) (LINK)
How we think about Roblox — Elevation Capital Management Limited [H/T @ChrisPavese] (LINK)
Neckar's Insecurity Analysis Podcast: William Green: Mastering Your Mind, Resilience, and Great Investors as Practical Philosophers (LINK)
This Week in Intelligent Investing Podcast: Michael Mauboussin‘s Expectations Investing | The Right Amount of Lying (LINK)
Asia Tech Strategy: Kroger and Part 2 on the External View and Base Rates (LINK)
The newly formed Moon may have tidally heated the Earth (LINK)
Will Smith on the importance of who you surround yourself with, via his memoir, Will:
There’s a great concept from Jim Rohn:
“Look at the five people you spend the most time with because that’s who you are.”
This is an idea I’ve always understood innately. Deep down inside, I knew that my dreams would be made or broken by the people I chose to surround myself with. Confucius had it right: It’s nearly impossible for the quality of your life to be higher than the quality of your friends.