"General Electric's annual report was downloaded from its website only 800 times in 2013, according the company." -- Hard to believe but apparently true, as noted in a typically good column from Jason Zweig and this earlier articleabout annual report readership (or lack thereof).
All About Network Effects -- An authority on the subject (thanks Pat!) sent this to me, and he gave good advice in telling me to set aside the time to absorb it. There is a lot to think about, all with important business implications.
The Fall of China's Hedge Fund King -- This is a fascinating article. I wish it were longer or made into a book, but given the reluctance of anyone to speak on the record -- or the murkiness of the entire situation -- the details or full story will probably never be known.
The Next Age of Invention -- Following up on my prior recommendation of Gordon's book "The Rise and Fall of American Growth," this article from Gordon's colleague is a worthwhile counterpoint. There are plenty of so-called "techno-optimists" but few who are also academic economists.
Sticking to the theme of basketball non sequitors, Sam Hinkie's letter of resignation as GM of the 76ers is...unique, to say the least. Within the first few sentences he confesses his love of reading investor letters, and he's soon digressing into a discussion (if you can call it that) of Warren Buffett, Charlie Munger, Seth Klarman, and Howard Marks. Elon Musk and Atul Gawande, among many others, also make an appearance.
John Gutfreund -- The former CEO of Salomon passed away recently and the WSJ reprinted from its archives the coverage of the Treasury auction scandal, which makes for fascinating reading. (You have to scroll down and click on John Gutfreund). Cool footage of old Wall Street (featuring Gutfreund ~10:00, along with Gerald Tsai later) is here. (Thanks to Craig for sending this).
Hey, Economist! How Well Do We Weather Snowstorms? -- Major New York snowstorms do not have a lasting economic, as you'd expect. And even though 13 of 16 storms on record have started on Friday, Saturday or Sunday, that is merely a (lucky?) coincidence - be sure to see the comments section for clarification.
I think the vast majority of everything there is to know about investing is contained in a relative handful of books and articles written by just a fe...
"Hall of Fame" Reading
November 6, 2015
Two Bonus Year-end Features (Original Content!)
Collection of Quotations on Investing -- since I started reading and learning about value investing...
Good Reading -- December 2011
December 20, 2011
I wrote previously that I think most of the important ideas in the investment profession can be found in a short list of books and articles. From my e...