Links - 5/5/2021
“Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.” —John Maynard Keynes
Podcast format of the 2021 Berkshire Hathaway Annual Shareholder Meeting (LINK)
Some good notes/summary of the 2021 Berkshire Hathaway Annual Meeting (LINK)
Old Men Yell at Cloud - by Jason Zweig (LINK)
Graham & Doddsville Newsletter, Spring 2021 [Brian Bares, Sean Stannard-Stockton, Dan Rasmussen] (LINK)
Farnam Street Investments’ April letter (LINK)
Absolute Return Letter, May 2021: The Year of Living Dangerously—How to structure your portfolio when interest rates are rising (LINK)
Market-Making on the Internet - by Ben Thompson (LINK)
Business Breakdowns Podcast: Visa: The Original Protocol Business (LINK)
Interview with William Barnes, co-founder of In Practise (LINK)
Masters in Business Podcast: Michael Lewis on White House Pandemic Planning (LINK) [You can also listen to Lewis read Chapter 1 of his new book in an audio excerpt HERE.]
Acquired Podcast: Special: 2021 China Tech Trends (with Tech Buzz China) (LINK)
The Knowledge Project Podcast: #110 Jim Collins: Relationships vs. Transactions (LINK)
This New Covid Vaccine Could Bring Hope to the Unvaccinated World - by Carl Zimmer (LINK)
Cicadas Have an Existential Problem - by Ed Yong (LINK)
“It’s not what you look at that matters, it’s what you see.” —Henry David Thoreau