Links

If you have Netflix, I highly recommend the BBC's Life Story series, narrated by the great David Attenborough. It looks like you can also buy the DVDs HERE.

Berkshire's Blemishes: Lessons for Buffett's Successors, Peers, and Policy - by Lawrence A. Cunningham (LINK)

Buffett’s Investment in Dempster Mill–A Cigar Butt (LINK)

Michael Mauboussin on Creating a Checklist (LINK)

Related book: Think Twice: Harnessing the Power of Counterintuition

Alex Tapscott: "Blockchain Revolution" | Talks at Google [H/T ValueWalk] (LINK)

Related book: Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World

Lessons learned from Theranos’ fall (LINK)

Hugh Hendry: How We Learned To Sop Worrying And Love "the Brexit bomb" (LINK)

Amidst today’s hysteria concerning the drop in sterling, people forget that the pound dropped 36% in the wake of the collapse of Northern Rock in 2007 and by 15% in 2014 on fears of a triple dip recession, and the world didn’t come to an end. Again, plus ça change…it appears that the prevailing glut of global liquidity seems to act as a shock absorber; the money simply has to go somewhere, typically sovereign bonds and bond like equity proxies.

A Brief History of Trial by Combat (LINK)

The Loudest Sound In The World Would Kill You On The Spot (LINK)

99% Invisible podcast, Episode 195: Best Enjoyed By (LINK)

Date labels (e.g. “use-by”, “sell-by”, “best-by”, “best if used by,” “expires on”, etc.) are on a lot of products. Forty-one states require a date label on at least some food product, but there are huge inconsistencies, not just in the wording, but in the meaning of these labels. Some states require them only on dairy, some on shellfish, some on any perishable foods. It’s become complicated to decipher these dates, or to know how to act on them, for large retailers and individual consumers alike. And despite what many people assume, they are not about food safety, and were actually never meant to be.