Links - 12/7/2021
“There are two times in a man’s life when he should not speculate: when he can’t afford it, and when he can.” —Mark Twain
Volatility Takes a Bite - by Chris Mayer (LINK)
The Amazon Empire Strikes Back - by Ben Thompson (LINK)
The revival of distressed debt and special situations (LINK)
Finance Demystified #3 - Accounting Basics 1 (video) (LINK)
The WSJ’s interview with Elon Musk at the CEO Council Summit (video) (LINK)
Turkish Lira: The Global Crisis Explained (video) (LINK)
Poker Theory 101 (video) (LINK)
Beyond Metcalfe’s Law for Network Effects, and Towards a Better Model (LINK)
Related book: The Cold Start Problem
What is (and isn’t) a DAO? Why do DAOs matter? How do DAOs fit into web3, crypto, the creator economy, future of work, and many other areas? (LINK)
Odd Lots Podcast: Richard Bookstaber on the Big Structural Risk in the Market Right Now (LINK)
20VC Podcast: Bill Gurley and Michael Eisenberg (LINK)
Invest Like the Best Podcast: Bill Gurley and Philip Rosedale (LINK)
Infinite Loops Podcast: Jesse Livermore — Future of Money, Education, and Health (LINK)
Compounders Podcast: Specialty Chemical Megatrends and Wide Moats with Ben Gliklich, CEO of Element Solutions, Inc. (NYSE: ESI) (LINK)
The Peter Attia Drive Podcast: #186 - Patrick Radden Keefe: The opioid crisis—origin, guilty parties, and the difficult path forward (LINK)
Related book: Empire of Pain
30 Animals That Made Us Smarter Podcast: Jellyfish and underwater robot (LINK)
The Accidental Revolutionary Leading Belarus’s Uprising - by Dexter Filkins (LINK)
We’re Not at Endemicity Yet (LINK)
Reasons for optimism after a difficult year - by Bill Gates (LINK)
“Thus, the sum of things is ever being reviewed, and mortals live dependent one upon another. Some nations increase, others diminish, and in a short space the generations of living creatures are changed and like runners pass on the torch of life.” —Lucretius