Links - 12/29/2024
“Planning is important, but the most important part of every plan is to plan on the plan not going according to plan.” —Morgan Housel (“The Psychology of Money”)
“Because investing is at least as much art as it is science, it’s never my goal…to suggest it can be routinized. In fact, one of the things I most want to emphasize is how essential it is that one’s investment approach be intuitive and adaptive rather than be fixed and mechanistic.” —Howard Marks
Li Lu talk: “Global Value Investment and the Times” (LINK) [Just like with his interview from last week, there should be an option to translate to English when the page opens. I’ve also posted the translated copy HERE.]
The Curious Truth of How Graham Created Value Investing (LINK)
Investing is easy, but hard to implement? Sanjay Bakshi explains the rules for value investors [H/T Linc] (LINK)
How to Avoid Costly Tax Blunders in 2025 (LINK)
Top CEO & Stanford Prof: What Makes A Good Investor? | Graham Weaver (video) (LINK)
The Investor’s Podcast: The Art of Thoughtful Wealth Creation w/ William Green (Video, Podcast)
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A Conversation with Francois Rochon | Capital Compounders Show (EP #22) (video) (Video, Podcast)
Founders Podcast: The Most Inspiring Autobiography I’ve Read: Chung Ju-yung Founder of Hyundai (LINK)
Behind the Balance Sheet Podcast: #42 The Credit Expert [w/ Greg Peters] (LINK)
“Moment of Zen” Podcast: Marc Andreessen on Trump, the vibe shift, and what’s after wokeness (LINK)
Using “atomic habits” to reach your health goals (LINK)
Some wisdom from Joseph Campbell:
We must be willing to get rid of the life we’ve planned, so as to have the life that is waiting for us.
The old skin has to be shed before the new one can come.
If we fix on the old, we get stuck. When we hang onto any form, we are in danger of putrefaction.
Hell is life drying up.
The Hoarder, the one in us that wants to keep, to hold on, must be killed.
If we are hanging onto the form now, we’re not going to have the form next.
You can’t make an omelet without breaking eggs.
Destruction before creation.