"I’ve always said that the way to get a reputation for being a good businessman is to buy a good business.... It’s much easier than taking a lousy business...and showing how wonderful you are at it, because I haven’t seen that done very often." --Warren Buffett
The Race of Our Lives Revisited - by Jeremy Grantham (LINK)
As a follow on to the original “Race of Our Lives” as part of the GMO Quarterly Letter from April 2013, Jeremy Grantham provides a detailed discussion of the long-term, slow-burning problems that threaten us today: climate change, population growth, increasing environmental toxicity. The piece focuses on the impact of all these three on the future ability to feed the 11 billion people projected for 2100, and highlights the severe implications of these issues if they are not resolved. One material advantage in addressing these issues is in the accelerating burst of green technologies, which may in the future be able to offset much of the accelerating damage from climate change and other problems. Yet despite these surprising technological advances, we have still been losing ground for the last few decades, particularly in the last few years. Somehow or other we must find a way to do better. We will need all the leadership, all the science and engineering, all the effort, and all the luck we can muster to win this race. It really is the race of our lives.Facebook’s Story Problem — and Opportunity - by Ben Thompson (LINK)
Can The SEC Model Help Cure American Democracy? - by Carson Block (LINK)
The BABA 20-F....Financial Comedy Gold!! [H/T @wolfejosh] (LINK)
Turkey’s Growing Pains - by Peter Zeihan (LINK)
Latticework of Mental Models: Lollapalooza Effect (LINK)
5 Mental Models to Remove (Some of) the Confusion from Parenting (LINK)
Invest Like the Best Podcast: Boyd Varty – Track Your Life (LINK)
NASA launches a probe to study the most dangerous star in the sky: The Sun (LINK)
How To Read More Books — A Lot More - by Ryan Holiday (LINK)
Book of the day [H/T 25iq]: The Membership Economy: Find Your Super Users, Master the Forever Transaction, and Build Recurring Revenue – by Robbie Kellman Baxter