Curated reads for March 06, 2021
Berkshire Hathaway is making a big change this year, moving its annual shareholder meeting in May from Omaha to Los Angeles, where Buffett’s 97-year-old BFF and long-time business partner Charlie Munger lives. In this year’s annual letter, he touches upon why he thinks bonds are not the place to be, how he paid too much for one of his companies and why he continues to believe in America. Read more
Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence’ – John Adams
Our minds though can be even more stubborn, even for the most erudite among us, no matter how credible the fact is. James Clear, author of Atomic Habits, delves into the subject of confirmation bias – why we avoid data that doesn’t conform to what we believe and how to better put across our argument. Read more
DID YOU KNOW?
Yuval Noah Harari, author of the bestselling book Sapiens, having sold over 27 million copies worldwide recently said this about his work, “This is so banal! There is absolutely nothing there that is new. I’m not an archaeologist. I’m not a primatologist. I mean, I did zero new research. . . . It was really reading the kind of common knowledge and just presenting it in a new way”. Storytelling as a tool when wielded well has a transformative power that allows us to see and experience the world in a different way than we normally do. We’ve seen this happen with Tesla who market capitalization is more than the next few auto companies combined. Let’s delve into the power of stories. Read more