Links - 7/25/2021
“Considering the downside is the single most important thing an investor must do. This task must be dealt with before any consideration can be made for gains. The problem is that people nowadays think they’re pretty smart because they can do something quite rapidly. You can make the horse gallop. But are you on the right path? Can you see where you’re going?” —Irving Kahn (“The Great Minds of Investing”)
Charles Munger Interview - Becoming Warren Buffett [H/T @mastersinvest] (video) (LINK) [There are a number of other interviews that have also been released, HERE.]
Interview with Charles Munger for the HBO / Kunhardt Film Foundation Documentary “Becoming Warren Buffett,” Interview Date: June 6, 2016
Warren Buffett’s Berkshire Hathaway sold Kirby after 35 years (LINK)
Horizon Kinetics’ Q2 2021 Commentary & Webinar Replay (Commentary, Video)
Mohnish Pabrai on Learning from Mistakes and Reinventing Yourself (video) (LINK)
Mohnish Pabrai Q&A with Value School (Madrid, Spain) on July 9, 2021 (video) (LINK)
Why Investors Can’t Kick the ‘Past Performance’ Habit - by Jason Zweig (LINK)
The Zomato IPO: A Bet on Big Markets and Platforms! - by Aswath Damodaran (LINK)
Bronte Capital’s June 2021 Letter (LINK)
Inflation – What Does the Academic Research Say? [H/T @ChrisPavese] (LINK)
Druckenmiller Warns Of 'Dire Consequences' Of More Government Spending (video) (LINK)
Part 2 of Niall Ferguson’s WealthTrack interview (video) (LINK)
Warren Pies on Real Vision (video) (LINK)
Smarter Markets Podcast: An Emerging Energy Framework for the 22nd-century (Part 1, Part 2, Part 3, Part 4, Part 5 [Part 5 features Dan Yergin])
The tallest mountain on a neutron star may be a fraction of a millimeter tall (LINK)
The ancient origins of the Olympics (video) (LINK)
“Time is the scarcest resource and unless it is managed nothing else can be managed.” —Peter Drucker