"The game in our kind of life is being able to recognize a good idea when...it rarely is presented to you. And I think that’s something you have to prepare for over a long period. What is the old saying? That opportunity comes to the prepared mind? And I don’t think you can teach people in two minutes how to have a prepared mind. But that’s the game." --Charlie Munger
How 20-Year-Old Kylie Jenner Built A $900 Million Fortune In Less Than 3 Years (LINK) [I think the mental model for understanding the business success revolves around understanding the way the internet has changed the competitive advantages around supply and demand relationships. As Ben Thompson has written: "The most successful companies no longer control supply but rather demand; moreover, that shift is not due to the actions of any one company but rather to the fundamentally changed structure of the market.... This is the critical insight: it has always been obvious that owning all customers is preferable to owning all suppliers; before the Internet, though, that was impossible. There was too much friction. In other words, the implication of the Internet is the enablement of new models that actually make much more sense, yet were previously unviable because of said friction."]
Ruane, Cunniff & Goldfarb Investor Day Transcript (May 2018) [H/T Eli] (LINK)
Journalist Elon Musk questioned over Tesla reporting speaks (video) (LINK)
Scott Wapner is joined by Linette Lopez, the Business Insider senior finance reporter whom Elon Musk criticized over Twitter on her Tesla reporting. With Yale's Jeffrey Sonnenfeld and Bethany McLean, Vanity Fair.The Knowledge Project Podcast: The Science of Doing Good, with William MacAskill (LINK)
Revisionist History Podcast: Strong Verbs, Short Sentences (LINK)
American Innovations Podcast: Nuclear Energy | Backlash | 5 (LINK)
An interview with George Church: Reversed Aging, Pig Organs, and the Future of Humankind (LINK)
A Hallmark of Alzheimer's May Actually Begin as a Defense Against Viruses - by Ed Yong (LINK)