Saturdays are all about longform links on Abnormal Returns. You can check out last week’s linkfest including business lessons learned from Lil Wayne.
Quote of the Day
"While valuable, neither IRR nor MOCC nor MOC – nor any other single metric – is sufficient to tell us whether the GP did a good job."
(Howard Marks)
Finance
- What happens when two professors become activist investors. (theatlantic.com)
- A profile of Larry Fink CEO of Blackrock ($BLK) with $5.1 trillion in assets. (bloomberg.com)
- A dozen lessons learned about business valuation from the Iridium debacle. (25iq.com)
- How lotteries (and other prizes) can help "trick" people into saving more money. (theatlantic.com)
- Jack Bogle talks investing with Tony Robbins. (time.com)
Memberships
Agriculture
- Growing weed and wine grapes is not all that different. (nytimes.com)
- Indoor farming started with cannabis but is now about growing greens. (backchannel.com)
Economy
- Florida's coastal real estate is entering a climate change-induced death spiral. (bloomberg.com)
- CEO pay is a mess of conflicting incentives. (fortune.com)
Longform
- The dietary supplement industry is just the worst. (theatlantic.com)
- You probably didn't realize the blood of the horseshoe crab is so vital to human health. (popularmechanics.com)
- Language is not just code, it has meaning. (farnamstreetblog.com)
- We are in the golden age of oral histories. (kottke.org)
- A look inside the $400 million lawsuit the Spinal Tap creatives filed against Vivendi. (bloomberg.com)
- Pitching is a mysterious craft. (theatlantic.com)
