Links - 9/13/2021
“Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window.” —Peter Drucker
“No amount of sophistication is going to allay the fact that all your knowledge is about the past and all your decisions are about the future.” —Ian H. Wilson
If you’re interested in joining a virtual book club, check out the Carolina Stories Learning Community and Book Club.
Warren Buffett and Charlie Munger in 2002: What we learned from 9/11 (LINK)
The Apple v. Epic Decision - by Ben Thompson (LINK)
Can China Really Make Kids Stop Playing Video Games? - by Jason Zweig (LINK)
Lessons on buying and holding a 100-bagger, via @RamBhupatiraju on Twitter (LINK)
Rob Arnott on WealthTrack (video) (Video, Podcast) [Arnott thinks the U.S. markets offer little to no return over the next several years, but thinks Value and, especially, Emerging Value, still offer reasonable returns over the next decade or so. The emerging funds and ETFs he mentioned were PEFIX, PEIFX, FNDE, and FRDM.]
The Investor's Podcast: Investing with Caution w/ Howard Marks (Video, Podcast)
This Week in Intelligent Investing Podcast: Why All News Seems to Be Good News | Sound Underwriting vs. Position Management (LINK)
Asia Tech Strategy Podcast: More Lessons in Digital Operating Basics from Ram Charan. Part 2 of 2 on “Rethinking Competitive Advantage”. (LINK)
Odd Lots Podcast: Dan Wang Explains What China’s Tech Crackdown Is Really All About (LINK)
Market Champions: 175|Behavioral Finance and Value Investing in Europe ft. Drew Dickson (LINK)
The Acquirers Podcast: Core Earnings: New Constructs’ David Trainer on Earnings Distortions (LINK) [The paper they discuss can be found HERE.]
The Perfect Vaccine Might Simply Be Impossible (LINK)
The Earth may not be flat but this galaxy sure is (LINK)
“Search others for their virtues, thyself for thy vices.” —Benjamin Franklin