"At Oaktree we say, 'Well bought is half sold.' By this we mean we don’t spend a lot of time thinking about what price we’re going to be able to sell a holding for, or when, or to whom, or through what mechanism. If you’ve bought it cheap, eventually those questions will answer themselves. If your estimate of intrinsic value is correct, over time an asset’s price should converge with its value." --Howard Marks ("The Most Important Thing")
Board Upgrades Its Scrutiny of Financial Planners - by Jason Zweig ($) (LINK)
The Absurdities of 'Franchise Fatigue' & 'Sequelitis' (Or, What Is Happening to the Box Office?!) - by Matthew Ball (LINK)
Notes on the book Let My People Go Surfing (LINK)
Video: Software Eats Care Delivery (LINK)
Revisionist History Podcast: Descend into the Particular (LINK)
Astronomers are watching a star die in real time - by Phil Plait (LINK)
The Tumor That Broke All the Rules - by Ed Yong (LINK)
A Scientist Witnessed Poachers Killing a Chimp - by Ed Yong (LINK)