Links - 12/14/2020
“There are no checks on the swings of investor psychology. At times investors get crazily bullish and can imagine no limits on prosperity, growth and appreciation. They assume trees will grow to the sky. Nothing’s too good to be true. And on other occasions, correspondingly, despondent investors can’t think of any limits to how bad things can get. People conclude that the “worst case” scenario they prepared for isn’t negative enough. Highly disastrous outcomes are considered plausible, even likely. Over the years, I’ve become convinced that fluctuations in investor attitudes toward risk contribute more to major market movements than anything else. I don’t expect this to ever change.” —Howard Marks (“Ditto” — January 7, 2013)
As a reminder, the Conversation with Charlie Munger at Caltech is today at 4pm E.T. Warren Buffett will also be on CNBC tomorrow morning.
How Science Beat the Virus - by Ed Yong (LINK)
Slack Is the Right Tool for the Wrong Way to Work - by Cal Newport (LINK)
The Transcript 12.14.20 (LINK)
Disney Investor Day 2020 (LINK)
Bill Gates and Rashida Jones Ask Big Questions (podcast): EP 5: Can people really change? (LINK)
The Peter Attia Drive Podcast: #141 - AMA #18: Deep dive: sugar and sugar substitutes (LINK)
The sky on fire: The cold flames of the Perseus Molecular Cloud - by Phil Plait (LINK)
Marcus Aurelius quote, from Meditations:
You can discard most of the junk that clutters your mind—things that exist only there—and clear out space for yourself:
… by comprehending the scale of the world
… by contemplating infinite time
… by thinking of the speed with which things change—each part of every thing; the narrow space between our birth and death; the infinite time before; the equally unbounded time that follows.