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How do we live a life that really works? fs.blog/2016/04/munger…

Here are the best strokes gained seasons since 2004 and money ranks. Pretty clear which shot categories are the most correlated with money. Thanks to Fit For Golf - Mike Carroll and Alex Myers for the questions.

Congrats to Ellen Carr and Katrina Dudley authors of UNDIVERSIFIED sabew.org/2022/09/shortl…

Remember, it’s not an energy crisis, it’s a fossil fuel crisis - the sun and wind remain as cheap and plentiful as ever.

Invaluable

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An interesting back and forth between Walter Schloss and Charles Ellis on stock repurchases.

A great question for investors to ask themselves: "Are you willing to do the digging & endure the pain, loneliness, & worry that go with superior returns?" —Joel Tillinghast, who manages about $70 billion at Fidelity & has crushed the market over 32 years

the final shoe falls “This time around, the Fed cannot step in and provide stimulus. So I don’t think it’s good news that we’re not going to get anything out of Congress over the next two years,” El-Erian said.

Howard Marks: “The short run is by far the least important thing. What matters is the long run. We try to buy the stocks of companies that will become more valuable & the debt of companies that will pay their debts. It’s very simple.” on.ft.com/3Ua5hnF

The future is coming sooner than you think. I just did a live TV interview on how AI might affect the future of work. The anchor asked really good questions about ChatGPT... and then at the end of the interview revealed that all the questions were actually written by ChatGPT.

Two thoughts from Gary Vaynerchuk “Life shrinks and expands on the proportion of your willingness to take risks and try new things.” “When it comes to professional opportunities, this is the best time to be alive in the history of humankind.”

.Columbia University Press has a very helpful Holiday Gift Guide (buff.ly/3P4fJvZ) that includes the graphic narrative, A REVOLUTION IN THREE ACTS, by @davidhajdu_ and illustrated by John Carey, which looks the extraordinary lives of 3 Vaudeville performers. bit.ly/3gMBC3k

THE BEST AMERICAN MAGAZINE WRITING 2022 includes Ann Patchett's remarkable "These Precious Daysc," an enchanting first-person account of a life-affirming friendship. bit.ly/3VG2hR5 Harper's Magazine Columbia University Press asme1963

Michael Mauboussin (Michael Mauboussin) on the dangers of Wall Street's free cash flow definition.

Recent white papers on Market Share, ROIC, and Capital Allocation by Michael Mauboussin are the research equivalent of Jordan in '96-'98. Prolific! morganstanley.com/im/en-us/indiv…

Today is Charlie Munger’s 99th birthday. He is undoubtedly one of the greatest investors of all time. Here is one of my favourite quotes:

"Trump is worried about being forgotten by the public. Norma is basically forgotten by the public” Joseph McBride, author of BILLY WILDER, in @KarenHeller's @WashingtonPost article on the former president's misguided love for *Sunset Boulevard* bit.ly/3i5EM5R Columbia University Press

takeaway: united states only needs gun control for men

Maybe deregulating everything and letting public infrastructure decay was a mistake. washingtonpost.com/nation/2023/03…