"Let it be emphasized once more, and especially to anyone inclined to a personally rewarding skepticism in these matters: for practical purposes, the financial memory should be assumed to last, at a maximum, no more than 20 years. This is normally the time it takes for the recollection of one disaster to be erased and for some variant on previous dementia to come forward to capture the financial mind." -John Kenneth Galbraith (A Short History of Financial Euphoria)
Bridgewater’s Ray Dalio Spreads His Gospel of ‘Radical Transparency’ [H/T @williamgreen72] (LINK)
Related book: Principles: Life and WorkHow Kirkland Signature Became One of Costco’s Biggest Success Stories ($) (LINK)
David Gardner, co-founder of the Motley Fool, talks with Patrick O’Shaughnessy on the Invest Like the Best podcast (LINK)
Origin Stories podcast: Stones and How to Use Them (LINK)
Related book: Stone Tools in Human EvolutionTrying to Get Ahead? Plan in Reverse, Study Suggests [H/T @AdamMGrant] (LINK)