Links - 4/20/2021
“90% of what passes for brilliance or incompetence in investing is the ebb and flow of investment style.” —Jeremy Grantham
An audio excerpt from Chapter 2 of RICHER, WISER, HAPPIER by William Green, which was released today (LINK)
If the Market's a Joke, Don't Be the Punch Line - by Jason Zweig (LINK)
Actually It’s a $2 Billion Deli - by Matt Levine (LINK)
Greenlight Capital’s Q1 Letter (LINK)
The Corporate Tax Burden: Facts and Fiction - by Aswath Damodaran (LINK)
Behind the Mysterious Demise of a $1.7 Billion Mutual Fund ($) (LINK)
Invest Like the Best Podcast: Paul Enright - The Buy Side Primer (LINK)
Cold Call Podcast: What Went Wrong with the Boeing 737 Max? (LINK) [Related 2019 article, by William Langewiesche, one of my favorite writers: “What Really Brought Down the Boeing 737 Max?”]
The Knowledge Project Podcast: Angela Duckworth: Grit and Human Behavior (LINK)
This is the most dangerous moment to be unvaccinated [H/T @Atul_Gawande] (LINK)
Related to the above article, Atul Gawande also posted this stat on Twitter:
Here's the change in distribution of COVID deaths by age.
- In Dec, 63% of all deaths were in ages 75+.
- In Mar, most deaths were UNDER age 75,
The flattening of COVID deaths according to age is extraordinary.
“Another thing I think should be avoided is extremely intense ideology because it cabbages up one’s mind…. When you’re young it’s easy to drift into loyalties and when you announce that you’re a loyal member and you start shouting the orthodox ideology out, what you’re doing is pounding it in, pounding it in, and you’re gradually ruining your mind.” —Charlie Munger [Source]