Links - 8/14/2021
“My costliest mistakes have come whenever I grew impatient or envious of other people’s returns and strayed off course by gambling on private companies or individual stocks that held the promise of a racier route to riches. The paradox here is that the slower road almost always proves to be faster in the end. The investors I admire most tend to be heroically inactive, not because they’re lazy but because they recognize the benefits of patience.” —William Green (“Richer, Wiser, Happier”)
Why Gold Bugs, Bond Bears and Amazon Skeptics Think Alike - by Jason Zweig (LINK)
GMO White Paper | Part 1: Inflation – Tall Tales and True Causes - by James Montier and Philip Pilkington (LINK)
WHEN YOU BORROW, READ THE LENDER’S TERMS CAREFULLY - by Gene Hoots (LINK)
Would You Have Found Berkshire Hathaway in 1975? [article originally published in 2018] [H/T Linc] (LINK)
Carson Block’s full letter to Muddy Waters Capital investors (LINK)
Supply-chain delays and skyrocketing shipping costs hit Cort furniture leasing company hard (LINK)
Sherwin-Williams: Looking for Companies to Face the Next Century (Part I) (LINK)
The Good Life Podcast: #67 – Investment Master Class with John Garrett (LINK)
Vaccines Are Like Sunscreen … No, Wait, Airbags … No, Wait … - by Katherine J. Wu (LINK)
“Quality tends to fan out like waves. The Quality job he didn’t think anyone was going to see is seen, and the person who sees it feels a little better because of it, and is likely to pass that feeling on to others, and in that way the Quality tends to keep on going.” —Robert M. Pirsig (“Zen and the Art of Motorcycle Maintenance”)