Enjoy!
(i) NYT: Charles T. Munger, Much More Than Warren Buffett’s No. 2, Dies at 99
Here is a compilation of materials of all things Munger.
(ii) Invest Like the Best: Brad Jacobs - Think Big and Move Fast (podcast)
I’ve been following Brad since the Conway deal at XPO and still think he is underrated.
(iii) Platform Aeronaut: Tech Company Dilution: Finding Ground Truth
A thoughtful way of framing the economic costs of stock based comp.
(iv) Calculated Risk: Airline Travel Above 2019 Levels
Amazingly, it took about half the time for the (US) airline industry to bounce back (in terms of passenger volumes) after COVID as compared to post-9-11. I would have guessed it would have taken longer.
(v) Marginal Revolution: The Geert Wilders victory, and more
Devon Zuegel: A libertarian just won Argentina's presidency... what's going on? The occam's razor explanation.
(vi) WaPo: Inside an OnlyFans empire: Sex, influence and the new American Dream
“Since sending her first photo in 2021, Adams’s OnlyFans accounts have earned $16.5 million in sales, more than 1.4 million fans and more than 11 million “likes.” She now makes about $30,000 a day.” Damn, ok. Also see: China’s biggest gay dating app wants to beat Grindr (Long $GRND).
(vii) A few Year End Lists:
NYT: 100 Notable Books of 2023
Marginal Revolution: Best non-fiction books of 2023
Marginal Revolution: My favorite fiction books of 2023