Saturday, November 10, 2018

Your weekend Edge:
Click here to view an archive of interesting reads, fundamental investment topics, insights and more

Too busy during the week? Catch up with last week's readings:


An empire built on Nutella (Link)

No cash needed at this café. Students pay the tab with their personal data (Link)

Everything you wear is athleisure (Link)

Software-related posts through the years & the 10th anniversary of Bitcoin whitepaper (Link)

The rise and fall of the popular game app HQ Trivia. Jeopardy disruptor? Not so much (Link)


Berkshire Hathaway meeting transcripts by year (Link)

A brief attempt at finding the source of Peter Lynch's success on the Magellan Fund (Link)

The "No Jerks" rule of investing (Link)

Big Tech's sell off - Rising rates are only part of the story $ (Link)

Making sense of multiples - interview with Michael Mauboussin (Link)

Mauboussin's research paper on valuation multiples (Link)

George's book recommendation: Expectations Investing: Reading Stock Prices for Better Returns by Mauboussin       

Correlation vs. causation using McDonald's pork-based sandwich: The McRib (Link)

📺 Buffett and Munger on how they never have an opinion about the market - 1994 Berkshire Hathaway Annual Meeting (Link)

Every past decline looks like an opportunity, every future decline looks like risk. (Link)

The library of mistakes - Check out this library in Edinburgh where you'll find a collection of books and other materials related to business and finance failures with the goal of learning lessons of the past. (Link)

Boredom begets action - The Madame Bovary Effect (Link)

Have another cup and read a little longer

Doctors hate their computers - where did health care tech go wrong? (Link)
On the lighter side

We surveyed our Operations team, who always seems to be jonesing for java, about their daily coffee intake. The longest order? A grande, half-sweet, vanilla latte with soy milk and caramel drizzle (yes, they're those people). On average, their daily dose is two on weekdays and three on weekends. With an average age of 40, investing their caffeine cash* for the next 25 years in the S&P 500 Index at an estimated annualized 9% per year would result in $259,000 at age 65. Coffee anybody?

Because we can't get enough of George, this is what the back of his business card looks like:

George Droulias, CFA
Masters in Power of Compounding