"We really like things that you don’t have to carry out to three decimal places, you know. If you have to carry it out to three decimal places, it’s not a good idea.... It’s like if somebody walked in the door here and they weighed somewhere between 300 and 350 pounds. I might not know how much they weigh, but I would know they were fat. That’s all I’m looking for, is something that’s financially fat." --Warren Buffett (2008)
Jamie Dimon on "60 Minutes" (video) (LINK)
Chuck Akre and John Neff of Akre Capital Management on WealthTrack (video) (LINK)
Ironing Out an Investing Mystery - by Jason Zweig ($) (LINK)
‘Earnings management’ has become even more widespread in emerging markets than in developed markets like the U.S.
Pensions Venture Into Risky Corners of the Market in Hunt for Returns ($) (LINK)
Wise fiscal policy is not about helicopter money - by Claudio Borio (LINK)
The new dot com bubble is here: it’s called online advertising (LINK)
What is the endgame for Disney+? (LINK)
Related book: Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and LifeExponent Podcast: 177 — Principle Stacks (LINK)
Odd Lots Podcast: Why The Repo Markets Went Crazy, And Why December Could Be Even Worse (LINK)
The New Yorker: Politics and More Podcast: How Facebook Continues to Spread Fake News [with Evan Osnos] (LINK)
For the golf fans out there.... Are You Not Entertained? Podcast: 208 - Jeehae Lee & Craig Connolly (the wee man) on the future of golf (LINK)
A photographer began shooting unusual-looking coyotes on Galveston Island. They turned out to be descended from a very rare wolf species.