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The importance of capital allocation As a corporate lawyer, I have been extremely fortunate to meet and to get to know some exceptionally gifted CEOs. Many of these individuals have performed admirably in their respective fields, demonstrating the types of qualities you would generally expect of exe

Only a few companies are able to consistently compound shareholder wealth at superior rates of return over a very long period of time. Here are 10 lessons from 20 years of quality investing.

Or, why you should be a mutant

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The Conceptual Ancestor of The Great White Magicians In Shakespeare’s The Tempest, there is a character named Prospero. And in a parenthetical reference in The Creative Brain, Dr. Nancy Andreasen mentions, “Prospero [is] a great ‘white magician’ who is the conceptual ancestor of more modern wizards such as Gandalf in Lord of the Rings and

I grew up ski racing in Lake Tahoe.

A ghost grid is a guide for organising thoughts, information and sketches, that doesn't compete with content. Content itself can also be the ghost grid to highlight changes and help draw comparisons — as when you might sketch options for extending a house or designing a garden. A grid is useful for structure and creation but needs to fade back from content or disappear when no longer needed. Like freeing data from its data prison, a ghost grid emphasises content and information without non-data-ink taking attention. I learned the term ghost grid from Edward Tufte's Seeing with Fresh Eyes: Meaning, Space, Data, Truth. I rarely buy other notebooks for work than a dot grid, preferably in a funky colour. Some of my favourites: Leuchtterm dot grid hardcover, Moleskine dot grid softcover, Moo soft cover dotted journals

Who has their hand on the dial? Talk with someone who works at Apple, Amazon, Google, Linkedin, Facebook, etc, and they’ll be happy to give you tips on how to work the platform to your advant…

The Wheels Keep on Turning—and the anti-mimetic breaks are breaking.

François Rochon is one of the best quality investors in the world. Over the last 30 years, he returned more than 6.000% to shareholders (15.7% per year). You can find everything you need to know about Rochon in this article.

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Markets, Management and Momentum

He’s in his eighties. How does he keep it fresh?

"I cannot promise results, but I do promise this: a. Our investments will be chosen on the basis of value, not popularity. b. We will attempt to reduce permanent capital loss to a minimum."

Some motivational advice from Jonah Hill’s therapist

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So Simple As To Be Trivial In software engineering, there is method of analysis known as “functional decomposition.” If some function or output is not working properly, a software engineer will break the function down, layer by layer, to find the component part or input that is creating the problem. “If you layer down far

Backblaze B2 在大厂的对象存储里算是非常便宜的了，如果不考虑国内访问速度，应该是非常不错的选择。

Lately, I’ve been feeling a lack of a well-deliberated, explicit moral code. The world is changing really fast – we have Elon Musk trying to set up a human colony on Mars while Earth’s bio-ecosystem is degrading by the day. So, should I support the investment of resources into making Mars habitable while Earth is… Read More

Rating threads Rob Lennon has been one of the best finds I made on Twitter in the past year. He has grown super fast, but what I like about him the most is that he's always trying new things with his content. The latest from him is Rating a thread:

For quality investors, the Return On Invested Capital (ROIC) is one of the most important financial metrics.A high ROIC is key for value creation and it’s a great way to look at a company’s competitive advantage.

When the Academy Award-winning director Guillermo del Toro was a boy growing up in Guadalajara, his mother bought him a Victorian-style writing desk. "I kept my comic books in the drawers, my books and horror action figures on the shelves, and my writing and drawing stuff on the desk," Del Toro recalled in a 2016

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or, how to kick your addiction to the Internet’s biggest asshole.