Links - 8/30/2021
“We only regard errors as being things that are within our circle of competence. So if somebody knows how to make money in cocoa beans, or they know how to make money in a software company or anything, and we miss that, that is not an error, as far as we’re concerned. What’s an error is when it’s something we understand, and we stand there and stare at it, and we don’t do anything. Or worse yet, what really gets me is when we do something very small with it. We do an eyedropper’s worth of it, when we could do it very big.” —Warren Buffett
As Buffett turns 91, the legendary investor prepares Berkshire for a new economy (LINK)
Tom Russo’s Second Quarter 2021 Letter (LINK)
Rob Vinall’s First Half 2021 Letter (LINK) [Also available as a podcast.]
How Trader Joe’s $2 wine became a best-seller [H/T Phil] (LINK)
Solar Superstorms: Planning for an Internet Apocalypse [H/T @patrickc & @kevin2kelly] (LINK)
China Limits Online Videogames to Three Hours a Week for Young People (LINK)
Harris Kupperman chats with Wes Gray on Real Vision (video) (LINK)
EconTalk Podcast: Bret Devereaux on Ancient Greece and Rome (LINK)
Why Do We Work Too Much - by Cal Newport (LINK)
The Wrong Way to Test Yourself for the Coronavirus (LINK)
“If you spend too much time thinking about a thing, you'll never get it done.” —Bruce Lee