"Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present." -John Kenneth Galbraith (A Short History of Financial Euphoria)
The David Rubenstein Show: Phil Knight (video) (LINK)
Related book: Shoe DogSmall Companies Are Gone, but Should They be Forgotten? - by Jason Zweig (LINK)
Bruce Berkowitz Seeks Return to Glory by Betting on Sears ($) (LINK)
Kyle Bass spots 'tectonic shift' in US relationship with China (video) (LINK)
Adventures in Finance podcast: Murderer, Gambler, Aristocrat & Pauper. John Law, The Godfather of Central Banking (LINK)
Meet an 18th-century murderer, banker, convict, laughing stock, and the godfather of central banking, John Law. Accompanied by Dr. Ben Hunt, the Chief Investment Strategist at Salient Partners and author of the Epsilon Theory website, we explore how Law wrote the modern central banking playbook which resulted in a bubble which has reverberated through the actions of future central bankers since.FT Alphachat podcast: Sizing up US retail (LINK)
In light of Amazon's $13.7bn Whole Foods takeover, Cardiff Garcia talks with the FT's Shannon Bond and Anna Nicolaou about the state of the US retail industry.Exponent podcast: Episode 120 — Google, Antitrust, and Aggregation Theory (LINK)
What's Different about "Unicorns" - by Jessica Livingston (LINK) [You can also watch the video of her talk starting at the 24-minute mark HERE.]
Everyday Terror In Venezuela [H/T The Browser] (LINK)
Book of the day: Fiat Money Inflation in France