This Week’s Best Investing Reads

Defeating Nonsense with Evidence (The Reformed Broker)

Amazon Adds A McDonald’s In Market Cap In The Month Of January (The Felder Report)

Changes (The Irrelevant Investor)

Compounding is the 8th Wonder of the World (Mohnish Pabrai)

Charlie Munger on Bitcoins, Banking, AI, and Life (Safal Niveshak)

Being Different and Being Right (CFA Institute)

Making Sense vs. Being Right (Collaborative Fund)

This week’s best investing tweets:

Good stuff from @mebfaber:

Cloning Buffett's 13F has beaten the S&P full cycle since 2000 by about 4 percentage points per year, placing it in the top 1% of all mutual funds. But would have underperformed the market 8 of the past 10 years.https://t.co/aPiI5o54FU

— Tobias Carlisle (@Greenbackd) February 19, 2018

A classic, from Einhorn in 2006. See, the ROE discussion beginning on page 4.
"This is why I prefer low ROEs. Great things happen to earnings when a 10% ROE becomes a 15% ROE."https://t.co/niGAgmt2Am

— Chris Mayer (@chriswmayer) February 19, 2018

My Full Transcript of the 2018 Daily Journal Annual Meeting. https://t.co/iiK5PaS2jp #CharlieMunger #DJCO #DailyJournal

— Richard Lewis (@Latticework1) February 19, 2018

EBITDA’s dominance over EBITA in explaining valuations has been declining over time, while the performance difference between EBITA and EBIT has been increasing. https://t.co/DgORWaa28N

— Danton Qu (@DantonQu) February 21, 2018

I have studied private equity for the past 7 years. I just published this article that summarizes everything I have learned.https://t.co/3oZk4DpdJ4

— Dan Rasmussen (@verdadcap) February 20, 2018

*(Updated to include a transcript of his first Periscope)* Naval Ravikant on Reading, Happiness, Systems for Decision Making, Habits, Honesty and More https://t.co/0MuWZ1EsNz

— Shane Parrish (@farnamstreet) February 17, 2018

This Week’s Best Investing Reads

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