This week’s best investing news:
Behind the Memo: Easy Money with Howard Marks and Edward Chancellor (pca.st)
Countdown to Exchange: GMO’s Jeremy Grantham (Nasdaq)
MiB: David Einhorn, Greenlight Capital (MiB)
Overcoming pessimism with patience with John Rogers (McKinsey)
Carl Icahn, a Texas lawyer and a bottle of vodka (FT)
Terry Smith – Fundsmith Equity Fund (Fundsmith)
Aswath Damodaran – The Mag(nificent) Seven: The Seven Stocks that Saved the Market in 2023! (AD)
GMO Magnificently Concentrated (GMO)
2024 Reader Survey (Verdad)
Leon Cooperman: A lot of value in certain sectors of the market, but one should have a cautious view (CNBC)
Big Tech’s AI Hype Machine, Part Deux (Felder)
Lessons From Ed Thorp’s Interview With Tim Ferriss (MoonTower)
Stepping on the same rake (Rudy Havenstein)
15 Funds That Have Destroyed the Most Wealth Over the Past Decade (Morningstar)
Useful Idiots (Ep Theory)
The Definitive Guide to the Berkshire AGM (Stephen Clapham)
Rot (Scott Galloway)
China’s tools for propping up its stock market (CNBC)
Piecing Together Berkshire Hathaway’s 1986 Annual Meeting (Kingswell)
Meta Platforms: Model Update (MBI)
Bonds Are Still Too Expensive (Morningstar)
MiB: Tom Hancock, GMO Focused Equity (MIB)
Pods, Passive Flows, and Punters (AB)
Is Elon Musk Right To Worry About Passive Investing? (SAM)
Using Valuations to Navigate the Cycle (TopDown)
Hold That Spinoff Stock: Selling Could Cost You Big (Forbes)
Ergodicity economics (EE)
Pzena Investment Management: 2024 Global Outlook Webinar (Pzena)
Greenhaven Road Capital Q4 2023 Letter (Greenhaven)
Jensen Quality Value Fund Update: Q4 2023 (Jensen)
This week’s best value Investing news:
Columbia Business School Student Investment Management – Sven Carlson) (Sven Carlson)
At the Money: Stock Picking vs. Value Investing (MIB)
3rd European Value Investing Conference: George Athanassakos (Ivey)
Value investor discusses the potential of ‘uninvestable’ stocks (CNBC)
RISK: The Definitive Value Investing Definition (VIS)
This week’s Fear & Greed Index:
This week’s best investing podcasts:
#2054 – Elon Musk (Joe Rogan)
TIP605: Untangling Global Outperformers w/ Dede Eyesan (TIP)
The No Landing Scenario with Cem Karsan (Excess Returns)
Rohit Krishnan — Demystifying AI (Infinite Loops)
Devin Martin – Finding Your Drive (Business Brew)
Arthur J. Gallagher: Insurance Broking (ILTB)
Averaging 26% a year for 17 years, what next? – Mineral Resources | Summer Series (Equity Mates)
This week’s Buffett Indicator:
Overvalued.
This week’s best investing research:
Global Factor Performance: February 2024 (Alpha Architect)
How to Profit From a Rising Dollar (ASC)
The Market is Like a Large Movie Theater With a Small Door (PAL)
Will Recent Economic Headwinds Threaten U.S. Timberland Returns? (AllAboutAlpha)
It’s Not Always the Economy: Five Questions to Gauge Financial Markets (CFA)
This week’s best investing tweet:
S&P 500 profit margins moved down to to 10.7% in Q4 2023, the lowest since Q2 2020.
“Profit margins are probably the most mean-reverting series in finance, and if profit margins do not mean-revert, then something has gone badly wrong with capitalism.” – Jeremy Grantham pic.twitter.com/32b26PKK8Y
— Charlie Bilello (@charliebilello) February 8, 2024
This week’s best investing graphic:
The World’s Richest Countries Across 3 Metrics (Visual Capitalist)
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