Saturday, 5 March 2016

Weekend reading

Annual letters from Warren Buffett and Bill and Melinda Gates

How Super Angel Chris Sacca Made Billions, Burned Bridges And Crafted The Best Seed Portfolio Ever (Forbes)

China’s state-owned zombie economy (FT)
Reforming a sector burdened by debt and overcapacity is critical to restoring growth in the economy

Macro Roundtable on China (SumZero)

How the Panama Canal Got Its Groove Back (Priceonomics)

Creating Effective Incentive Systems: Ken Iverson on the Principles that Unleash Human Potential (Farnam Street)

CAPE Strategy Update (Minority Report)


A Crisis In Ponzi-Land (The "Drop-Down”) (Part III in Kuppy’s MLP series; Adventures in Capitalism)

Weitz - Valuable Losses (Wealthtrack)
A rare interview with Great Value Investor Wally Weitz on finding opportunities where others are seeing losses

The Road Less Traveled: Special Situations Investing (Value Walk)
Great presentation on how to find special situations ideas from Buckley Capital

Douglas Coupland: The rise and fall of the mall (FT)
Recalling the golden age of the shopping mall and why we may look back on the 1990s as the last good decade

A huge U.S. dairy is tackling the farm pollution problem by turning cow manure into fuel. Will others follow suit?

Here's a whole year's worth of weather in one video (Science Alert)
We all know that 2015 was the hottest year on record. But what did that look like exactly? Thanks to all the handy satellites stationed around Earth we now have the ability to watch our weather 24/7 from space. And that also gives us the chance to take a broader perspective and look back on the year that was, thanks to this beautiful time-lapse from weather monitoring organisation EUMETSTAT.