Sunday, July 2, 2017

Compilation of value links from around the web: July Edition

Below is a compilation of the most interesting reading I've come across in the past few months:

2017 Berkshire Hathaway Annual Meeting:

2017 Berkshire Hathaway Annual Meeting transcript: Slow Appreciation Mine Safety Diclosures Blog 
Watch the replay of the Berkshire Annual meeting: Yahoo Finance 
WSJ coverage of the Berkshire Annual Meeting: WSJ 
Interview with Warren Buffett, Ted Comes and Todd Weschler: Yahoo Finance
Full Transcript: Warren Buffett, Bill Gates, Charlie Munger with Becky Quick on Squawk Box: CNBC

Warren Buffett, Bill Gates and Charlie Munger on CNBC: 

Buffett: Airline passengers are very price conscious
Buffett: Wells Fargo obviously incentivized the wrong thing
Buffett: High load factor and airlines
Buffett: If you pay big prices for something, you're counting on earnings
Buffett: 5 highest value companies don't take capital
Buffett: Jeff Bezos was brilliant
Buffett: Stocks a bargain if you think rates stay low
Charlie Munger: We should have single-payer medicine
Charlie Munger: There's a lot to be said for health care for all
Buffett: Health-care bill huge tax cut for the rich
Fixing America's health-care system
Buffett: I'm very suspicious of dynamic scoring
Bill Gates: State Department helps us 'perform miracles'
Bill Gates: You need health care, education and opportunity to escape poverty trap
Charlie Munger: Lot of idiotic deals in venture capital
Charlie Munger: Every failure stings
Buffett: I don't make investment decisions based on who's president
Buffett: 'Unlimited' resources of our friendship

Mohnish Pabrai: 

Mohnish Pabrai on a better alternative to indexing: Youtube
Mohnish Pabrai says General Motors should scrap its dividend: CNBC
Lampert's Seritage strategy could lead to long term gains: Barron's 
Mohnish Pabrai: "Intensive Stock Research Can Be Injurious to Financial Health": Talks at Google
Mohnish Pabrai on the Steve Pomeranz show: Chai With Pabrai

Li Lu: 

Li Lu's 2015 speech at Peking University: Corner of Berkshire and Fairfax 
Li Lu introduction to Asian Equities: Seeking Alpha 

Warren Buffett and Charlie Munger:

Warren Buffett and Jorge Paulo Lemann at the Brazil Conference: NY Times 
20 students meet with Warren Buffett: Jeff Towson
Of Permanent Value by Andrew Kilpatrick: Amazon
A Buffett Partnership investment - Commonwealth Trust: Greg Speicher
Warren Buffett's meeting with Peking University students: Jeff Towson
Warren Buffett and Jorge Paulo Lemann at Harvard: David Kass Blog
Nitin Nohria Interviews Jorge Paulo Lemann and Warren Buffett: 2017 Brazil Conference 
A great discussion of the mental models that made Berkshire successful: Float and Moats
Todd Comes and Ted Weschler speak: Yahoo Finance 
Why I lost my bet with Warren Buffett: Bloomberg 
The Psychology of Human Misjudgment - Charlie Munger Full Speech: Youtube
Munger says single payer system is the solution: Yahoo Finance 
Warren Buffett's Scout inside Germany: WSJ

Other investors: 

Tad Montross Blog: General Re 
7 things I learned from lunch with Warren Buffett: Jeffrey Towson 
McLean: This was 'a betrayal' of Ackman's investing style: CNBC
Joel Greenblatt interview with Forbes: Forbes 
Allan Mechan 2016 Letter: Value Walk 
Pershing Square 2016 Annual report: Market Folly
Fairfax Financial 2016 annual report: Report 
Joel Greenblatt: "The Little Book that Beats the Market":  Talks at Google
Chuck Akre: "The Peregrinations of an English Major Trying to Solve the Investment Puzzle": Youtube


When we will see autonomous vehicles: Benzinga 
Amazon wants to crush your store with it's technology NYT
Jamie Dimon 2016 Letter: JP Morgan Chase
Get more done by working less: Farnam Street Blog 
Darwin was a slacker and you should be too: Nautil 
A primer on artificial intelligence: Medium
The Autonomous Vehicle Revolution: The Rational Walk
Cars and second order consequences: Ben Evans
Arm yourself with books: Farnam Street Blog 
Bill Belichick's leadership rules: CNBC 
Bruce Flatt on US outlook: Bloomberg
How Skilled Capital Allocators Compound Capital, with Will Thorndike: Investor Field Guide
Graham and Doddsville Spring Newsletter: Columbia
Sohn Conference New York Notes: Market Folly 
Elon Musk TED Talk: TED 
Google CEO Sundar Pichai’s I/O 2017 keynote: Youtube
Bill Gates summer reading list: Gates Notes 
Jack Ma: In the next 30 years people will work 4 hours a day: CNBC
Lei Zhang lecture at Columbia: Marketfolly