“One of my favorite pieces of research finds that people fear asking difficult/sensitive questions far more than being asked difficult/sensitive questions.” – Mark Manson
Ouch. Got shut out on book reading in May. I did binge watch a bunch of Netflix, while the family was visiting friends in California though.
Updated stats through May:
Here are my most influential reads – in no particular order:
- Margin of Safety by Seth Klarman – “There’s a fine line between diversification and over-diversification. 10-15 holdings is enough for Klarman.”
- Financial and Investing Resolutions for 2021, Part 1 – “One of the most fundamental rules of investing is to sell a security when the reasons you bought it no longer apply.”
- Intel Problems – “It is manufacturing capability, on the other hand, that is increasingly rare, and thus, increasingly valuable.”
- This is nuts, where are the profits? – “It’s not often you come across a chart that makes you immediately spit your peppermint tea out, copy and paste the link, and send it to all your finance banter WhatsApp groups (soon to be Signal, obvs).”
- How to write a user manual – “And if you manage a team or run a company, until you make the unspoken norms spoken, they’ll wreck havoc on your organization.”
- How to Lose Money When the Stock Market is at All-Time Highs – “Even when the stock market overall is up in a given year, there are almost always going to be a large number of stocks within the index that are down.” SMS here – it is likely going to work the other way too.
- Selling hours – “Many workers preferred a reliable regular paycheck, and owners decided to profit by investing in productivity and keeping the upside.”
- Severe Drought, Worsened by Climate Change, Ravages the American West – “According to the United States Drought Monitor, 84 percent of the West is now in drought, with 47 percent rated as “severe” or “extreme.””
- The Case Against Bitcoin – “A rising price does not tell you something is working.”
- Wise Words from Lou Simpson – “Over the long run appreciation in share prices is most directly related to the return the company earns on its shareholders’ investment. Cash flow, which is more difficult to manipulate than reported earnings, is a useful additional yardstick.”
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.