"[Charlie and I] don’t consider ourselves...richer or poorer based on what the stock does. We do feel richer or poorer based on what the business does. So we look at the business as to how much we’re worth. And we do not look at the stock price, because the stock price doesn’t mean a thing to us.... We think of it as a private business, basically, for which there’s a quotation. And if it’s handy to use that quotation, either in buying more stock or something of the sort, we may do it. But it does not govern our ideas of value." --Warren Buffett
Paul Singer, Doomsday Investor [H/T Linc] (LINK)
JP Morgan to unveil new investing app with an eye-catching, disruptive price: Free (LINK)
Steven Romick's Q2 Letter (LINK)
Invest Like the Best Podcast: What You Learn About Business After 12,000 Deals Reviewed, 1,500 Deep Dives, 125 Site Visits, and 7 Portfolio Companies, w/ Brent Beshore (LINK)
Evanescent boundaries - by Seth Godin (LINK)
"Generally, I would say that if you have a lot of lovely wealth in a form that makes you comfortable, and somebody down the street has found a way to make money a lot faster, in a way you don’t understand, you should not be made miserable by that process. There are worse things in life than being left behind in possession of a lot of lovely money." --Charlie Munger