Investing is science AND art
Very interesting article on Costco and its strong company culture
Google seems to become a more “normal” company with financial discipline (Good bye “moon shots” ?)
There is a lot of change in the pipeline for the troubled shipping industry
The Farnam Street blog has a great collection of book lists
Interesting write up on Amazon from Brazil
Barry Ritholz reviews the new Michael Lewis Book “The Undoing Project”
Normally I don’t read that many books “fresh of the press”, but this one really interested me. First, because it was from Dan Ariely and second, because it deals with a very important topic in my opinion: What motivates people (to work).
This is a somewhat “off-topic” post but at the end there will be a turn to investing, I promise !!!
A Swiss magazine published an article on the Weekend, where a “Data scientist” claimed that a method that he developed had made Donald Trump President.
This method, which claims to identify (and of course influence) people by 5 basic character traits was used by a company called “Cambridge Analytica” in order to secure Trump’s victory. And by the way, they were responsible for Brexit too. The article seems to be quite popular, I received the link 5 times over the weekend from very different sources
There are a couple of Youtube videos about Cambridge Analytica, for instance here. But there is a longer one which is more interesting
In the video from September, they are claiming that they managed to make Senator Cruz popular from scratch. They also claim that they can segment down to very small groups and deliver them the right message in a way that will more or less “guarantee” results. As an example they showed how they targeted very small sub groups in Iowa with targeted ads about guns to make them vote for Cruz in the caucus.
How to read a book like your life depends on it (h/t Abnormal Returns)
Some very intelligent thoughts on Board of Director’s independence
Great interview with Dan Ariely about motivation
A great Podcast on really durable businesses
Bloomberg story on the man who invented LIBOR
John Hempton (Bronte) likes Adidas