Monthly Archives: February 2019

Some links

Warren Buffett’s 2018 letter to the Shareholders

A very interesting and comprehensive annual fund letter from Semper Augustus (h/t ValueInvesting World)

Zillow,the US Real Estate online classified leader, tries to become THE one stop shop for online real estate.

Morgan Housel has a very smart collection of the “different kinds of stupid”

The UK Value Investor has a look at HSBC

Good write up on Pershing Square Holdings and Central Securities

Some links

China’s impact on the world economy has increased significantly

Interesting rant on why AI won’t replace any job and Won’t drive any car

Fantastic slide deck on how the VC market has developed (hint: a lot of value is now captured pre IPO)

Pabrais’s “free lunch portfolio” tanked in 2018 but he is proposing a new one for 2019

“Bond King” Bill Gross now has officially retired. Maybe a few years too late.

Sequoia Fund Q4 letter

Random thoughts on HoldCos, Netflix, SPorts Media company and some links