The Buffett/Munger Investment Checklist (LINK)
Related previous posts: 1) Key Checklist Items; 2) An Investing Principles Checklist from Poor Charlie; 3) Warren Buffett on growth and value...Latticework of Mental Models: Deliberate Practice (LINK)
Related books: The first 5 listed HERE.
Related quote: “Talent is the desire to practice. Right? It is that you love something so much that you are willing to make an enormous sacrifice and an enormous commitment to that, whatever it is -- task, game, sport, what have you.” -Malcolm Gladwell
Related to the above previous post on deliberate practice and investing, I was reminded [H/T @uncapwisdom] of the quote below from a 2007 Charlie Munger speech in Poor Charlie's Almanack (a video of that speech is HERE, and some notes are HERE) that is especially relevant to the topic:
"The skill that got Berkshire through one decade would not have sufficed to get it through the next decade, with comparable levels of achievement. Warren Buffett had to be a continuous-learning machine. The same requirement exists in lower walks of life. I constantly see people rise in life who are not the smartest, sometimes not even the most diligent. But they are learning machines. They go to bed every night a little wiser than they were that morning. And boy, does that habit help, particularly when you have a long run ahead of you."The Eccentric Billionaire Who Ignores Investors to Get Them Rich [H/T Matt] (LINK)
The Brooklyn Investor blog: Scary Chart Part III: Missing the Trees for the Forest (LINK)
How one family is sending 13 kids to college, living debt free — and still plans to retire early [H/T @mercenaryjack] (LINK)
ORION. Holy Wow, Orion. (LINK)
Fractured Lands: How the Arab World Came Apart (LINK)
This is a story unlike any we have previously published. It is much longer than the typical New York Times Magazine feature story; in print, it occupies an entire issue. The product of some 18 months of reporting, it tells the story of the catastrophe that has fractured the Arab world since the invasion of Iraq 13 years ago, leading to the rise of ISIS and the global refugee crisis. The geography of this catastrophe is broad and its causes are many, but its consequences — war and uncertainty throughout the world — are familiar to us all.