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Category : Recommended Reading

Summer Reading List

All the Light We Cannot See — Anthony Doerr Churchill — Paul Johnson Hitch-22: A Memoir — Christopher Hitchens How Life Imitates Chess: Making the Right Moves, from the Board to the Boardroom — Gary Kasporov The Limits of Strategy: Lessons in Leadership from the Computer Industry — Ernest Von Simson Mr. Bones: Twenty Stories — Paul Theroux My Brilliant Friend — Elena Ferrante Old Masters and Young Geniuses: The Two Life Cycles of Artistic Creativity — David W. Galenson […]

Things That Make Sense to Us…

…That Were Written By Other Guys

Atul Gawande, Money Manager

I have no idea how this guy has a life when I merely glance at his bio—but that is not our concern. Substitute “money manager” instead of doctor and his commencement speech becomes worth thinking about. And his new book, Being Mortal, is a stupendously important book for anyone that is a certain age…or merely has parents.

Confessions

I have been an on-again, off-again subscriber of the Journal of Applied Corporate Finance (and a predecessor) for more than 20 years. It is worth reabsorbing every few years because our ears get so full of the conventional, PR-driven crap that pours out of corporate America. Then you subscribe again, ask the management team in front of you to hold for a minute, run to the other room and throw this down and say “Don’t talk to me again until […]

Send Your Kids to Bowdoin?

CLICK HERE to download a recent speech by noted Soros “sidekick” Stanley Druckenmiller.

Coherent and Consistent

This report remains the single most coherent and consistently negative argument against…a lot of things we do.

The Blame Game

From time to time we must look in the investment mirror and conclude that we are stinking and we have no one to blame but ourselves. This is an interesting piece that academically exposes a lot of the other times.

Reading Disorder

A senior member of our investment team read this transcript and couldn’t help but replace the words “investment management” in lieu of the subject being discussed. Worth reading and thinking about.

Does This Make it Impossible for a Value Investor to Have a Beard?

CLICK HERE to download “The hipster effect: When anticonformists all look the same” by Jonathan Touboul

Reading List – The Classics

_________________________________________________ Recently added: Conservative Investors Sleep Well – Philip A. Fisher Good Strategy Bad Strategy: The Difference and Why It Matters – Richard Rumelt Organizational Intelligence: Knowledge and Policy in Government and Industry – Harold L. Wilensky _________________________________________________