Links

Dhando investor meeting 2015 – A day with Mohnish Pabrai [H/T Corner of Berkshire & Fairfax] (LINK)

James Tisch Investment Philosophy and Some Thoughts on Loews (LINK)

Latticework of Mental Models: Pavlovian Conditioning (LINK)

Significance Appreciation - By Venkatesh Rao (LINK)

There’s a phenomenon I’ve observed where ideas that seem banal when you’re young acquire increasing significance as you age. Until they become so pregnant with significance that you start experiencing a peculiar sort of loneliness because you cannot communicate them any differently than you used to. At best, you slowly acquire an ability to recognize kindred spirits who attach as much incommunicable significance to an idea as you do. If you’re lucky enough to meet any.

Exponential Wisdom podcast: How the Sharing Economy Can Disrupt Your Business (LINK)

A couple of BIS speeches relating to the economies in Canada and Australia.

Yogi Berra, Hall of Fame Catcher for the Yankees, Dies at 90 (LINK)

Book of the day: The Yogi Book

And a few Yogi-isms:

"You got to be very careful if you don’t know where you’re going, because you might not get there." 

"You can observe a lot just by watching." 

"I really didn't say everything I said." 

"It's dèja vu all over again!" 

"The future ain't what it used to be." 

"Always go to other people's funerals, otherwise they won't go to yours."