Links - 1/31/2021
“You don’t get paid for what’s already happened. You only get paid for what’s going to happen in the future. The past is only useful to you in the extent to which it gives you insights into the future, and sometimes the past doesn’t give you any insights into the future.” —Warren Buffett
A collection of Sequoia Fund letters from 1974-1982, back when Bill Ruane and Richard Cunniff were managing the fund (LINK)
Nice overviews of the books Understanding Michael Porter and The Inevitable.
Another good list of 4th Quarter 2020 investor letters (LINK)
The Storming of the Bastille: The Reddit Crowd targets the Hedge Funds! - by Aswath Damodaran (LINK)
How the GameStop Short Squeeze Is like the VW Squeeze of 2008 (LINK)
The Real Force Driving the GameStop Revolution - by Jason Zweig ($) (LINK)
Melvin Capital Lost 53% in January, Hurt by GameStop and Other Bets ($) (LINK)
Keith Gill Drove the GameStop Reddit Mania. He Talked to the Journal. ($) (LINK)
Facebook and Apple Feud Over the Future of the Internet (LINK)
Does vitamin D deficiency raise COVID-19 risk? - by Peter Attia (LINK)
Johnson & Johnson’s Vaccine Offers Strong Protection but Fuels Concern About Variants (LINK)
Why Are There No Biographies of Xi Jinping? (LINK)
Lee Hsien Loong, Prime Minister of Singapore, at Davos (video) (LINK)
Sundar Pichai at Davos (video) (LINK)
What I Think of Bitcoin - by Ray Dalio (LINK)
This Week in Intelligent Investing Podcast: Short Squeezes, Long-Short Strategies, and Avoiding Ruin in the Stock Market (LINK)
The Skift Podcast: Skift Global Forum Highlights: IAC/Expedia Group Chairman Barry Diller (LINK)
IAC/Expedia Group Chairman Barry Diller speaks with Skift Editor-in-Chief Tom Lowry at Skift Global Forum in September 2020.
The Daily Stoic Podcast: Seneca On the Shortness of Life (LINK)
“Believe me, it takes a great man and one who has risen far above human weaknesses not to allow any of his time to be filched from him, and it follows that the life of such a man is very long because he has devoted wholly to himself whatever time he has had. None of it lay neglected and idle; none of it was under the control of another, for, guarding it most grudgingly, he found nothing that was worthy to be taken in exchange for his time. And so that man had time enough, but those who have been robbed of much of their life by the public, have necessarily had too little of it." —Seneca (“On the Shortness of Life”)
“So it is—the life we receive is not short, but we make it so, nor do we have any lack of it, but are wasteful of it. Just as great and princely wealth is scattered in a moment when it comes into the hands of a bad owner, while wealth however limited, if it is entrusted to a good guardian, increases by use, so our life is amply long for him who orders it properly.” —Seneca (“On the Shortness of Life”)