NetJets Shuffle: Costs of Deviations from the Berkshire Model - by Lawrence Cunningham (LINK)
New England’s top GOP donor isn’t a Republican [H/T Will] (LINK)
Boston billionaire Seth Klarman says most Republicans are “Neanderthals” on gay marriage. He calls Senator Tom Cotton’s letter to the Iranian leaders “divisive.” And he considers the 2010 Supreme Court ruling that ushered in an era of unlimited political donations “a terrible decision.”
Meet New England’s top campaign contributor. He gives mostly to Republicans, but he’s not much of one.
“I’m a complicated guy,” Klarman said to The Globe in a rare interview. “I’m fairly nuanced in my views. I’m trying to do what I think is the right thing for the country.” His registration: independent.
An excerpt from William Green’s The Great Minds of Investing (LINK)
100x - by Chris Mayer (LINK)
Related book: 100 to 1 in the Stock MarketRobert Shiller visits the LSE - Irrational Exuberance: as relevant as ever (LINK)
Related book: Irrational Exuberance 3rd editionAswath Damodaran: Cash, Debt and PE Ratios: Cash is an upper and debt is a downer! (LINK)
Mark Spitznagel on the Paradox of Higher Returns with Lower Risk (video) [H/T James] (LINK)
The Absolute Return Letter - June 2015 (LINK)
Latticework of Mental Models: Redundancy (LINK)
The Brooklyn Investor: Jamie Dimon for Dummies (LINK)
Jamie Dimon Is Now a Billionaire, and He Got There in an Unusual Way (LINK)
Elon Musk: The World’s Raddest Man, and How Tesla Will Change The World (Part 1, Part 2)
Related book: Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic FutureTED Talk - Bill Gross: The single biggest reason why startups succeed (LINK)
Gross' list of the Top 5 Factors:Mysterious die-off sparks race to save saiga antelope (LINK)
1. Timing
2. Team / Execution
3. Idea "Truth" Outlier
4. Business Model
5. Funding
News meets comedy: John Oliver's FIFA II segment (video) (LINK)