Links - 9/2/2021
“You will get disruptions from time to time, and it’s very nice if you have a lot of cash then and you have the guts to do something with it. But predicting them or waiting around for them, that sort of thing, is not our game. We bought $5 billion worth of equities in the first quarter [of 2007], something like that. And...it would be a joke to even compare them to 1974 or a whole bunch of other periods. But we decided we would rather have them than cash, or we would rather have them than sit around and hope that things get a lot cheaper. We don’t spend a lot of time doing that. You can freeze yourself out indefinitely. So any time we find something that we think is intelligent to do, we just do it, and we hope we can do it big.” —Warren Buffett (2007)
Learning from John D. Rockefeller (LINK)
An Essay on Investing in Small Stocks - by Ian Cassel (LINK)
Little Flaws - by Morgan Housel (LINK)
What an Adult Tricycle Says About the World’s Bottleneck Problems (LINK)
Revisiting Parkinson’s Law (LINK)
The Tim Ferriss Show (podcast): #530: Sir James Dyson — Founder of Dyson and Master Inventor on How to Turn the Mundane Into Magic (LINK)
The Business Brew Podcast: Jake Taylor - From First Principles (LINK)
Founder’s Field Guide Podcast: Gabby Dizon - Mapping the Metaverse Economy (LINK)
Masters of Scale Rapid Response Podcast: Restaurateur Danny Meyer: When you should require vaccinations (LINK)
Can you build a satellite made out of… wood? (LINK)
“If I could only give three words of advice, they would be, ‘tell the truth.’ If I got three more words, I’d add: ‘All the time.’” —Randy Pausch
“I think track records are very important. If you start early trying to have a perfect one in some simple thing like honesty, you’re well on your way to success in this world.” —Charlie Munger