"We basically believe that when you're talking about quality, [you're talking about] the level of certainty you have that a business will perform as you expect it to perform over a very long period of time." --Warren Buffett (1998 Berkshire Hathaway Annual Meeting, via Outstanding Investor Digest)
"The investment game always involves considering both quality and price. And the trick is to get more quality than you pay for in price. It's just that simple." --Charlie Munger (1998 Berkshire Hathaway Annual Meeting, via Outstanding Investor Digest)
Sanjay Bakshi on "hot states" and doing dumb things (LINK)
Fixing financial aid - By Bill Gates (LINK)
Another Weird Deal Upsets CDS Traders (LINK)
The imminent and potentially globally-destabilizing threat of automation in the apparel industry. (LINK)
Divine Discontent: Disruption’s Antidote - by Ben Thompson (LINK)
The Knowledge Project Podcast: A Conversation with Patrick Collison, CEO and co-founder of Stripe (LINK)