“A man got to have a code.” – Omar Little
Seriously? Look at the chart on the right. Talk about recency bias.
Folks are in for a rude surprise at some point in the future if they thought September was a rough stretch. That’s not a prediction of a near term melt down. It is simply an observation about investor behavior and memory.
Finally finished Principles by Ray Dalio. More to come here, but in short, I tried to read this book about 24 months ago and was just not in the right headspace apparently. This time around, I really enjoyed it. But it took some time and effort, in a good way.
Here are my most influential reads – in no particular order:
- Boxes, trucks and bikes – “However, there’s also another way to split this, that I think is becoming increasingly important – instead of looking at the product category and the buying journey, look at the logistics model. “
- Business History with Gary Hoover – “The whole history of business and the economy is a story of one technological disruption after the other.”
- When Over-Ordering is More Than Hoarding – “So that customer who is ordering a lot more right now than they historically have is not doing it to “hoard.” They’re probably doing it just to manage inventory properly.” See this as well.
- Put These Charts on Your Wall – “The market doesn’t have to do anything, least of all what you think it should do.”
- How To Escape Your Financial Cocoon – “Transient events constitute our experiences. Viewing them as permanent compounds our problems.”
- Worry About Yourself – “Somewhere along the way I think people forgot that we’re only in the market to make money…If others want to blow themselves up trading recklessly, let them.”
- 5 Ways to Build Resilience and Conquer Adversity – “Resilience is the ability to create positive adaptations to negative events. It’s the ability to take things like anger and sadness and make them useful and productive.”
- The fraught future of recycling – “Despite the heavy machinery and increased automation involved, the process is still extremely dependent on humans.”
- Distribution and Demand – “Whereas AT&T competes for customers in a zero sum game, content is best leveraged by reaching as many customers across as many distributors as possible”
- The Intel Opportunity – “Massive demand, limited suppliers, huge barriers to entry. It’s a good time to be a manufacturing company. It is, potentially, a good time to be Intel.”
- A Tunguska sized airburst destroyed Tall el-Hammam – “We present evidence that in ~ 1650 BCE (~ 3600 years ago), a cosmic airburst destroyed Tall el-Hammam, a Middle-Bronze-Age city in the southern Jordan Valley northeast of the Dead Sea.” SMS here: Talk about wrong place, wrong time…
One more than normal because I could not decide. My blog, my rules…
Note: This is based on when I read the article, not necessarily when it was first published. Unfortunately, my backlog of things I would like to read always seems to dwarf the amount of time I can devote to reading.
Top clicks across the site last month:
- Financial Model vs. Operating Model
- EBITDA Is Not A Good Proxy For Cash Flow
- Family Adventure: Grand Teton #3
- Operating Model Tips
- Excel Template: Football Field Chart
Updated stats through September: