Related book (released tomorrow): The Undoing ProjectVideo: Author Michael Lewis on "The Undoing Project" [H/T Linc] (LINK)
Two of the world’s most important stock markets have a big new investor—the state.
About 30% of all the companies in Japan’s three main equity indexes now count the country’s central bank as one of their top 10 shareholders, according to a Wall Street Journal analysis of data as of the end of September. Six years ago, the Bank of Japan’s presence in the market was trivial.
Huawei’s Hard-Charging Workplace Culture Drives Growth, Demands Sacrifice [H/T Matt] (LINK)In China, two major state-owned investment funds that are part of the so-called national team have become top 10 shareholders in 39% of listed companies over the past year, according to UBS, which analyzed shareholdings as of the end of September.
Stephen Hawking: This is the most dangerous time for our planet (LINK)
We can’t go on ignoring inequality, because we have the means to destroy our world but not to escape itA few notes I took after reading Michael Mauboussin’s Base Rate book - by Stefan Cheplick (LINK)
Latticework of Mental Models: Illusion Of Control (LINK)
The myth of quick - by Seth Godin (LINK)
Five Things You Notice When You Quit the News (LINK)
Some nice thoughts about reading in a Tweetstorm from Patrick O’Shaughnessy (LINK)
For Kindle readers, I just noticed that some of the books that Charlie Munger has recommended have been made available in Kindle format over the last few years, such as: Models of My Life, Ice Age, and A Matter of Degrees.