Saturday, 16 April 2016

Weekend reading

Bernard Arnault Full Q&A (Oxford Union)
Bernard Arnault is the Chairman and CEO of the world’s largest and most successful luxury goods conglomerate, LVMH, which controls brands such as Louis Vuitton, Fendi, TAG Heuer, Bulgari and Marc Jacobs. While growing LVMH’s portfolio of prestigious brands at a staggering pace, Arnault made notable investments in companies such as Netflix over ten years ago. In March 2015, Forbes estimated him to be the world’s thirteenth richest person.

Jamie Dimon’s 2015 Letter (JPM)
Related: Brooklyn Investor commentary

Jeff Bezos 2015 Letter (Amazon)

Sam Hinkie’s Letter – Thinking about thinking (ValueWalk)
Probably the longest ever resignation letter.

Semper Augustus Investments Group: 2015 Annual Letter (Value Investing World)

Grant's Spring Conference Notes 2016 - Bessent, Dimon & More (Market Folly)

Russia - a forgotten market? (East Capital)

Djibouti Is Hot (Bloomberg)
How a forgotten sandlot of a country became a hub of international power games.

Rising in the East (60 Minutes)
China's film industry has grown so big so fast, that it is now looking to compete with Hollywood.

This is fascinating - The brain on LSD revealed: first scans show how the drug affects the brain (Imperial College London)
"Our brains become more constrained and compartmentalised as we develop from infancy into adulthood, and we may become more focused and rigid in our thinking as we mature. In many ways, the brain in the LSD state resembles the state our brains were in when we were infants: free and unconstrained. This also makes sense when we consider the hyper-emotional and imaginative nature of an infant's mind."

The sugar conspiracy (Guardian)
In 1972, a British scientist sounded the alarm that sugar – and not fat – was the greatest danger to our health. But his findings were ridiculed and his reputation ruined. How did the world’s top nutrition scientists get it so wrong for so long?