Weekly Kaizen – Jan 8th – What is your Edge?

What I learned in 2016

Setting resolutions is easy, keeping them is another story…Tim Ferriss held a podcast episode on setting resolutions and planning:

Stream Podcast
Blog Post: What I Learned in 2016

CHARLIE MUNGER ON THE PARADOX IN HOLD VS. BUY DECISIONS IN LONG TERM INVESTING

Sanjay Bakshi, professor and value investor most recent blog post (Fundoo Professor blog):

Charlie Munger on the Paradox in Hold vs. Buy Decisions in Long Term Investing

Daniel Goleman: “Focus: the Hidden Driver of Excellence”

From talks at Google: “In Focus, Psychologist and journalist Daniel Goleman, author of the #1 international bestseller Emotional Intelligence, offers a groundbreaking look at today’s scarcest resource and the secret to high performance and fulfillment: attention.” A must watch to understand the importance of being able to focus good on your work.

Gene genius Siddhartha Mukherjee on why ‘doctors shouldn’t be gods’

Brilliantly written interview from Jo Ellison, interviewing Siddhartha Mukherjee who won the Pulitzer Prize in 2011 for his book, The Emperor of All Maladies: A Biography of Cancer, discussing his recent and one of the best books of 2016 The Gene: An Intimate History:

Gene genius Siddhartha Mukherjee on why ‘doctors shouldn’t be gods’   The philosophical physician and Pulitzer Prize-winning author talks about life, death, and lamb chops.

The article is behind a paywall, if you register for a free account at FT you could read up to 3 articles free a month.

What is your Edge?

John Hurber portfolio manager at Saber Capital Management LCC frequently posts on his blog, BasehitInvesting, his post on looking for your edge goes into making use of your biggest edge as an individual investor; is it Information, your analytical skills or time (patience)?

What is your Edge?
Presentation supporting the article.
Video of the talk John gave on Three paths to finding value:

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Have a wonderful week!

English is not my native language nor am I a skilled writer; if you have suggestions on the writing style,grammar, content or anything else please feel free to leave your feedback.

Weekly Kaizen – Dec 25th – Saturnalia

For a long time December has been a month of celebration trough different cultures, it’s the last month of the year and though out time humans came together to eat and exchange gifts. One such celebration was the Saturnalia festival by the Romans: for once a year there was no ranking in social order and slaves could command their masters to do things (slaves still had to do the basic tasks such as preparing food). Saturnalia explained by Historia Civilis:

How to be a Stoic

The New Yorker contributor Elif Batuman wrote a great piece on Stoicism, one of the philosophy’s of which I try to learn from and put into practice:

How to be a Stoic

Human Overpopulation – The Human Explosion explained

The amount of humans has never increased as much as the last 100 years, and is expected to continue growing for a while. A lot has been written on this subjects and there a lot of concerns, both for a healthcare perspective up to a shortage of food and environmental harm, however does it all look that bad?  Kurzgesagt talks in the below video on Human Overpopulation and into the positives aspects that we tend to overlook:

Jamie Dimon on Trump and Detroit’s revival

Bloomberg TV spoke with JP Morgan’s CEO and Chairman Jamie Dimon on several topics, including Trump and Detroit. As ever, every interview with Jamie Dimon is highly recommended, his pragmatic skills and way to put things forward in an simple manner are extraordinary.

Jamie Dimon Interview with Bloomberg

The Uber Cannibals

It has almost becoming a weekly recurrence to link to material from Monish Pabrai, and this week an article written by Monish Pabrai with Yingzhuo Zhao from Dhando Holdings (Investmet holding of Monish Pabrai):

Move Over Small Dogs Of The Dow, Here Come The Uber Cannibals

Carl Icahnn and the danger of ETF’s

There is no question about it that ETF’s have exploded in popularity, and why not? You can get the index return and out perform 90% of the professional money mangers by a paying fraction of the cost…As with every investment caution is needed, Carl Icahn spoke with CNBC on the dangers of ETF’s, Valuewalk gathered his interviews on the subject:

Carl Icahn Warning

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Have a wonderful week and enjoy your time with family and friends!

English is not my native language nor am I a skilled writer; if you have suggestions on the writing style,grammar, content or anything else please feel free to leave your feedback.

Weekly Kaizen – Dec 18th – Lazy Work Good Work

A bit later than usual, next weekly Kaizen is scheduled for this Sunday the 25th. This week we will take another look into A.I. including Jarvis, Facebook’s new A.I. system, why lazy work is good work, active vs passive investing and mental models.

Google vs AWS

Originally linked by Oldschoolvalue in their weekly curated links email, an article on what Google is focusing on to win clients and developers for their Google Cloud Platform.

How Google Is Challenging AWS

The Great A.I. Awakening

Following up on last weeks content on A.I. , this week an article by the New York times on the development of A.I., since A.I. is one the most promising technology’s expect this to become a reoccurring topic in Weekly Kaizen.

The Great A.I. Awakening

Facebook has also just announced their new A.I. developing platform, Jarvis:

Mark Zuckerberg on building Jarvis

Interview with Fast Company

Lazy work Good work

What have John D. Rockefeller, Albert Einstein, Bill Gates, Mozart and Warren Buffett in common? They all took time out of their day to be alone and think, Morgan Housel wrote an article on the importance of good work that first looks lazy: Lazy work, Good Work

Active vs Passive investing

What is better? Get in and out of stocks dozens of times a year or buy/sell a couple of stocks a year? Read Aswath Damodarn blog post on active vs Passive investing.

Alternatively you can what his video:

Mental Models

The last link of this week is to an article written in July by Gabriel Weinberg on Mental Models, critical if you want to become a better learner, understand and link your knowledge on different subjects.

Mental Models I Find Repeatedly Useful

 

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Have a wonderful week!

English is not my native language nor am I a skilled writer; if you have suggestions on the writing style,grammar, content or anything else please feel free to leave your feedback.

Weekly Kaizen – Dec 11th -The Future of Cities

The Future of Cities

Two videos on cities, one by Oscar Byson and the other by Wired on Shenzhen:

Shenzhen: The Silicon Valley of Hardware (Full Documentary) | Future Cities | WIRED:

Can we build AI without loosing control?

In September Sam Harris gave a TED talk on the potential dangers of AI and what it could mean for humanity.

Backgammon and Google’s Financial Discipline

We end this weekly Kaizen with two articles from Bloomberg, the first is on Backgammon and why it’s more appealing than ever, the second article goes deeper into the events at Google that let to the shut down of some high profiled projects:

America’s Best Backgammon Player Works at Goldman Sachs

Google Makes So Much Money, It Never Had to Worry About Financial Discipline—Until Now

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Have a wonderful week!

English is not my native language nor am I a skilled writer; if you have suggestions on the writing style,grammar, content or anything else please feel free to leave your feedback.

Weekly Kaizen – Dec 4th -Lessons from failure

How to make $400 million disappear
How to hide $400 million from your wife before divorcing her to protect your fortune? The New York times wrote an article on the world of offshore accounts and secret transactions:

Why Moats are essential

Tren Griffen, author of the book ‘Charlie Munger the complete investor’ wrote on the importance of moats in the Restaurant Business.

Humanity vs Parasites

This video from Kurzgesaght show’s how humanity declared war on ‘The Most Gruesome Parasites – Neglected Tropical Diseases – NTDs’ and how humanity succeeded, more than we tend to think, in winning the war. 

George Orwell

George Orwell wrote some of the best books of the 20th century: Animal Farm to describe the effect of an one party system (communism), 1984 on the monitoring and manipulation of the people by the government to keep the ruling party/elite in power. Sounds familiar? This video from The School of Life goes deeper into the life of George Orwell and how he used literature to try to change the world for the better:

Lessons From Failure

Mars, nowadays one the largest privately own companies in the world has a fascinating tale of it’s founder not giving up on his dream, he never gave up and kept working hard while facing some serious set backs on the way.

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Have a wonderful week.

Weekly Kaizen – Nov 27th – The Need to Read

Read More

How many books have you read so far this year?

If you look at reading as another form of entertainment it’s easier to make the habit to do it every day, scheduling 20 minutes a day will already have a big impact on the amount of books you read a year. Shane Parrish, from FarnamStreet, wrote at the end of January an article on how to read more: The Simple Plan To Read More. However it’s not just important to read more, as equally or even more important is to know how to read a book properly: How to Read a Book: The Classic Guide to Intelligent Reading, a must read for everyone who wants to get serious about reading.
And finally one of best article I have read so far on the importance of reading: Will Schwalbe’s article for the Wall Street Journal The Need to Read.

Compounding

In an previous edition of Weekly Kaizen we linked to a video explaining the rule of 72 to easily calculate what percentage of return you need to double your investment, this week a video on the importance of compounding published by Mohnish Pabrai (www.know72.com):

DealBook 2016: The Long and Short of Activist Investing

Bill Ackman C.E.O., Pershing Square Capital Management LP was interviewed two weeks ago at the The New York Times Dealbook conference:

Fidel Castro

Last Friday the 25th of November Fidel Castro passed away, he governed Cuba for 47 years until 2011 when his brother Raul Castro took over, to understand more about the life that he led: visit his Wikipedia page, read an article written by The Economist, watch one of the two (or both) documentaries here below or read his Autobiography: Fidel Castro: My Life: A Spoken Autobiography

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Have a wonderful week.