Links - 4/10/2021
“Post-bubble periods, I think, depending on how big the bubble is and how many were participating in it....can produce fallout that not everyone will be terribly good at predicting.” —Warren Buffett (2002)
Li Lu in conversation with Bruce Greenwald: Value Investing in China (video) (LINK)
Oliver Sacks: His Own Life (Documentary/Video) (LINK)
William Green chats with InvestingByTheBooks about his new book, Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life (video and transcript) (LINK)
Richard Bernstein on WealthTrack (video) (LINK)
On Fragility and Avalanches - by Frank K. Martin (LINK)
Business Breakdowns Podcast — Alibaba: A Giant Among Giants (LINK) [This may be especially of interest given the news this past week that Charlie Munger’s Daily Journal bought an Alibaba stake worth $37 million. It should also be noted that there are plenty of people, including Steve Clapham and Jim Chanos, that have questioned Alibaba’s accounting methods.]
Value Investing with Legends Podcast: Anne-Sophie d’Andlau - Driving Change By Engaging With Impact (LINK)
The Market Huddle Podcast: Political Risk Heavy (guests: Will Thomson, Kuppy) (LINK)
Home Prices Soar in Frenzied U.S. Market Drained of Supply (LINK)
Demand is so fierce that almost half of U.S. homes are selling within a week of hitting the market, a record pace, according to Redfin. Annual price growth reached 17% in March, the highest in data going back to 2012. Urgency is amped up, with real estate agents commonly limiting bidding to a few days and then pitting buyers against each other.
Our Brain Typically Overlooks This Brilliant Problem-Solving Strategy [H/T Linc] (LINK)
People often limit their creativity by continually adding new features to a design rather than removing existing ones
To Speed Vaccination, Some Call for Delaying Second Shots - by Carl Zimmer (LINK)
“There are three words which are among the most important words in our business: I don’t know. And if you don't know something...you should admit it—to yourself and to everybody around you. And I think personally that it's very freeing to say ‘I don't know.’ I think it's very, almost depressing, to feel that you have to have an opinion on every subject, even the ones where by definition you can't have superior knowledge.” —Howard Marks