Links

"We tend to go into businesses that inherently are low-risk, and are capitalized in a way that that low risk of the business is transformed into a low risk to the enterprise. The risk beyond that is that even though you...identify such businesses, that you pay too much for them. That risk is usually a risk of time rather than loss of principal, unless you get into a really extravagant situation. But then the risk becomes the risk of you yourself. I mean, whether you can retain your belief in the real fundamentals of the business and not get too concerned about the stock market. The stock market is there to serve you, and not to instruct you. And that’s a key to owning a good business, and getting rid of the risk that would otherwise exist in the market." --Warren Buffett

‘Crush Them’: An Oral History of the Lawsuit That Upended Silicon Valley [H/T @jtepper2] (LINK)

Twenty years ago, Microsoft tried to eliminate its competition in the race for the future of the internet. The government had other ideas.

Tokens (Don’t) Rule Everything Around Me — Thoughts On Security Tokens - by Parker Thompson (LINK)

How To Recover When The World Breaks You - by Ryan Holiday (LINK)

In an Age of Gene Editing and Surrogacy, What Does Heredity Mean? (LINK)

Related book: She Has Her Mother's Laugh: The Powers, Perversions, and Potential of Heredity

Kindle book of the day (on sale this month): Leonardo's Notebooks: Writing and Art of the Great Master