Related book: The Devil's Financial DictionaryEven Michael Lewis Was Surprised Hollywood Bet on The Big Short [H/T Linc] (LINK)
Related book: The Big ShortWhy and how do Munger and Buffett “discount the future cash flows” at the 30-year U.S. Treasury Rate? (LINK)
Grant’s bearish view on Valeant from March 2014 (LINK)
Buffett's Grandson Seeks Own Investment Route: Social Change [H/T Will] (LINK)
ValueWalk's three-part interview with Christopher Pavese (LINK) [PDF at bottom of page of all three parts]
Achal Bakeri's talk to Sanjay Bakshi's class at MDI (LINK)
How A “Platform Company” Works: The Shortcomings of DCFs and Why People Miss Lollapaloozas (LINK)
Books of the day:
Essentialism: The Disciplined Pursuit of Less
Luck: The Brilliant Randomness Of Everyday Life
Mass Flourishing: How Grassroots Innovation Created Jobs, Challenge, and Change [A book described in Breaking Smart as being "For readers interested in a broad understanding of the economic context of software eating the world, Phelps’ book is probably the single best resource."]