Links

Bill Gates on his friendship with Warren Buffett: 25 Years of Learning and Laughter (LINK)

Podcast interview with Mikael Syding [H/T Tamas] (LINK)

Mikael managed the long/short equity fund at Futuris/Brummer from 2000 to 2015 as one of three senior partners, serving as portfolio manager and managing director. 

The fund received numerous awards, including several for being best directional hedge fund over ten years, and not least, European long short equity fund of the year in 2008 – a year, if you recall, where investors globally took a beating. The fund then went on to win the European Hedge Fund of the Decade 2000 to 2009.

Patrick Industries (PATK): The Best Performing Stock Since 2009 - by Ian Cassel (LINK)

The first signs of post-Brexit financial stress: property fund suspended (LINK)

AFTER the initial post-Brexit sell-off in sterling and equities, financial markets had quietened down in the wake of the shock referendum result. The FTSE 100 even moved ahead of its pre-Brexit level. 

But investor concerns have shown up in another market - property, Today Standard Life, the Scottish insurer, suspended redemptions in its UK Retail property fund, with £2.9 billion of assets under management. 

Aviva's The Second Property Fund To Suspend Withdrawals - Time To Look At That Liquidity Mismatch (LINK)

Third UK Property Fund Halts Withdrawals Amid Brexit Market Turmoil (LINK)

M&G Investments said it had stopped trading in a £4.4 billion U.K. property fund—the largest of its kind—becoming the third big-name asset manager to take similar steps in little over 24 hours. Earlier in the day, Aviva Investors revealed it had suspended trading in a U.K. property fund for similar reasons. That followed an announcement Monday by Standard Life Investments.

American Century employees sue for excessive 401(k) fees (LINK)

Since 2010, fiduciaries of the $600 million American Century Retirement Plan populated the plan's investment menu solely with American Century funds, using a selection process “tainted by self-interest” rather than a prudent one that would have led fiduciaries to use less-expensive funds with similar or better performance, the complaint said.

The Surprising Relevance of the Baltic Dry Index (LINK)

Jason Zweig inteviews Phil Tetlock: The Perilous Task of Forecasting [H/T ValueWalk] (LINK)

Related book: Superforecasting: The Art and Science of Prediction

Think Less, Think Better [H/T @ChrisPavese] (LINK)

Ten Things You Need to Know About the Juno Mission (LINK)