Smart thoughts on jobs, technology and zero sum games
Half year review of Clark Street Value’s portfolio
Prof. Damodaran updates his Tesla case. Tesla bondholders are also less enthusiastic
Interesting comparison of Visionary CEOs and “Optimizer” CEOs
Andreessen Horowitz is starting a 300m U$ Crypto Fund
A VC explains why E-Scooter star-up Bird might not be a bubble start-up
Very good “10 step advise” on how to become a truely long term investor
There are still many doubts about the quality of Samsonite’s accounting
Morgan Housel on the relevance of “Long tail” outcomes
Howard Marks memo on Indexfunds, ETFs, Smart Beta and Machine Learning
Ben Evans writes about the real relevance of AI/Machine Learning
5 Examples of great annual letters to shareholders
The company:
Paul Hartmann AG is a 200 year old German company active in the healthcare sector, This is how they describe themselves:
The Brooklyn Investor with an update on JPM (and other stuff)
Muddy Waters has found a new short target with TAL Education
Real Estate so far have not been disrupted. But that may change.
Hedge Fund’s best ideas usually are the stocks they want to sell
Tim Cook interview by David Rubinstein
Amazon might enter the Home Insurance space pretty soon
A fascinating peek into world of “Crypto Influencers”
“Bad Blood” was one of the few books that I had actually preordered as I usually prefer more “seasoned” books.
I was not disappointed. “Bad Blood” is written by WSJ journalist John Carreyrou who also broke the initial story on Theranos, the once high-flying Silicon Valley Tech startup.
A very critical post on Tripadvisor
John Kingham (UK Valueinvestor) doesn’t like British Telecom
Morgan Housel is on a roll and is writing one great piece after another: Useful hacks
So true: Life is more than compounding money
Why Microsft paid so much for GitHub
Some pitches from Whitney Tilson’s short selling conference
Paid online marketing is addictive but often not creating any real value
A fantastic post from 25q on customer acquisition & direct distribution models
Prof. Damodaran on how to reflect user economics in valuation
Is the next “AI winter” coming ?
Notes from the London Value Invetsing conference
A “short attack” on David EInhorn’s Greenlight Re
Mary Meeker on the “state of the internet”
value and opportunity 