“Don’t use a five-dollar word, when a fifty-cent word will do”
– Mark Twain
book of the week – Thinking Strategically, Avinash Dixon & Barry Nalebuff
I only managed to get about halfway through this book so far. It really forces you to think through each topic they discuss, limiting the speed at which one can consume the information.
So far though I’m thoroughly enjoying the practical approach the pair have taken to unearthing some key aspects of game theory. The case studies have been particularly interesting. I will have a review and rating for next week.
stock news of the week
Australian broadcasting company Ten Network (ASX:TEN) went into adminstration as its billionaire backers (Murdoch & Gordon) pulled their gurantee over the company’s debts.
articles of note
Adventures in Capitalism – trade idea
Interesting trade idea in a frequent flyer program that just lost its key airline… Worth a read if only for the unique ”investment logic”
All the Buffett Partnership letters pre Berkshire Hathaway
Pender Funds – investment process
A quality Canadian based small cap fund provides an overview of their strategy
Safal Niveshak – risk vs. loss aversion
Peridot Capitalist – provides a contrarian take on the “retail appocalypse”
Peridot Capitalist – retail appocalypse cont.
Farnam Street on why habbits may be more important than setting goals
James Clear on Inversion – one of my favourite mental models
Yale Article on “the market for lemons” (not the fruit…)
Great FT article on how the “messy election” could be a positive for the city
Value & Opportunity with another spinoff idea – pass
AFR article – Amazon moving into car sales (What does this mean for carsales.com & Autotrader?)
Spring Graham & Doddsville Newsletter
