Charlie Munger On Making Improvements And Accepting Change

Charlie Munger lurks the internet trying to make me pick fights with myself. As you might expect from any other 97-year-old investment and business zen master, he’s got quotes circulating the world just waiting to sneak up and punch you in the gut. Broken ribs have never been so much fun. This one might even … Continue reading Charlie Munger On Making Improvements And Accepting Change

Our Work Is A Prepared Response To The Surprises Of Others

“History is the study of surprises.” - ProfessorEdward T O’Donnell It’s been a tough year. It’s been a challenging year. It’s been a surprising year. And, it’s also just been another trip around the sun on the little rock we call home. It sure feels like a lot more than a 365-day cycle. There’s no … Continue reading Our Work Is A Prepared Response To The Surprises Of Others

Nazi-Fighting Field Mice And Always Having A Margin Of Safety

There are two types of conservative: the kind where you avoid risk, and the kind where you broaden your definition of success. The first is about limiting the potential outcomes to something certain. The second is about opening up to a range of acceptable outcomes, also called having a margin of safety. The distinction matters … Continue reading Nazi-Fighting Field Mice And Always Having A Margin Of Safety

Podcast Of The Week: Ron Howard On The Past, Present, And Future Of Entertainment

Ron Howard and James O’Shaughnessy are friends? Sure, why not? Listen to everyone’s favorite quant-investing philosopher interview the acting and film legend on story, structure, and group dynamics (amongst a million other things). These are the conversations podcasts make it incredible to be a fly on the wall for. Check out Infinite Loops ep. 19: … Continue reading Podcast Of The Week: Ron Howard On The Past, Present, And Future Of Entertainment

Podcast Of The Week: The Evolving Landscape And Link Between Private And Public Markets With Michael Mauboussin

Michael Mauboussin was back on the Invest Like The Best Podcast to discuss his epic paper (book?), “Public to Private Equity in the United States: A Long-Term Look.” Here’s why it matters: where companies get funding at different stages of growth and development has shifted. It matters for the companies you might want to start … Continue reading Podcast Of The Week: The Evolving Landscape And Link Between Private And Public Markets With Michael Mauboussin

I’d Never Want Another 9/11, But I’d Give Anything For Another 9/12

The normally crude podcast Occupy A Job On Wall Street just posted a short conversation between the anonymous host and a firefighter friend remembering 9/11 (ep. 91, “Catastrophe”). I’m paraphrasing, but this is part of a broader conversation about what it means to look back to give inspiration for how we move forward that I … Continue reading I’d Never Want Another 9/11, But I’d Give Anything For Another 9/12