Liberty

Interesting interview by Rhonda Patrick of Aubrey de Grey, two very smart people who know the topic of the biology of aging: https://podtail.com/en/podcast/foundmyfitness/dr-aubrey-de-grey-and-dr-rhonda-patrick-talk/ It's already a couple of years old, so there's been developments since, but it's still very interesting and I'm sure most outside the field can learn a lot from it.

I've probably listened to 15 hours of Rhonda Patrick interview recently, she's incredibly smart and well informed. Good starting points: https://peterattiamd.com/rhondapatrick/ https://overcast.fm/+KebtYdBkI

Maybe rebuttal is the wrong word, but it's certainly an elaboration on what the actual science in the studies and meta-studies say (and don't say) rather than the headlines that everybody has seen and repeat.

Q&A with the author: https://abnormalreturns.com/2018/07/05/qa-with-michael-batnick-author-of-big-mistakes-the-best-investors-and-their-worst-investments/

Isn't that what all of investing is, though? Taking positions on things that are of various levels of unknowability?

Worth watching, for a good rebuttal of the recurring meme in media about supplementation being all bad/BS:

http://www.yetanothervalueblog.com/2018/07/some-dvmt-updates-and-additional.html

https://www.goodreads.com/review/show/2427192790 Via @bluegrasscap

Wow, you guys have to listen to this: https://overcast.fm/+LHyf76vDE Investigative journalism is what we need more of...

Podcast about Storm of Steel: https://overcast.fm/+H0932sIS4

Good books. They cost the same as crappy books, and the rights ideas can be worth millions if not billions of dollars.

Wiedower Capital 1h18 letter, contains a long section about JD: http://wiedowercapital.com/files/Letter1H18.pdf

Good read: https://ofdollarsanddata.com/the-privilege-of-knowledge/

Isn't it great to have a commerce secretary with large stock holdings who's actively shorting things while in office? https://www.cnbc.com/2018/07/02/wilbur-ross-shorted-two-additional-shares-as-commerce-secretary.html

A new podcast launched today by Peter Attia, who has been a guest on a few other podcasts over the years, and he always stood out to me as a clear and independent thinker: https://peterattiamd.com/podcast/ Him as a guest on other podcasts: http://investorfieldguide.com/attia/ https://tim.blog/2014/12/18/peter-attia/ http://podcastnotes.org/2018/04/27/attia-2/

I hadn't checked in in a while either, nice. One of the smartest investors I ever met pitched this hard around $12-14 after the deal break and just demolished the short thesis. I never fully got the business model, but I should have just bought given the short thesis was discredited. Regrets! I was buying around that time, but sold too early, years ago. Just got tired of the drama surrounding the stock.

I was just randomly revisiting this after seeing it on an old watchlist. Returns in the past 5 years have been a 47% CAGR... Wow.

Thanks, that makes sense.

http://ir.tesla.com/news-releases/news-release-details/tesla-q2-2018-vehicle-production-and-deliveries

This tool is very commonly used in dictatorships. Just read Orwell. Those who grew up behind the Iron curtain know this very well. Or read Trump's Twitter.

Good read: http://theirrelevantinvestor.com/2018/06/30/the-ghost-of-tech-stocks-past/

Looks like there's a new book on the works: https://www.thebookseller.com/news/william-collins-scoops-kahnemans-book-7-figure-pre-empt-752276

Liberty, any idea on revenue potential for this business? Do we know other so called traditional car manufacturers making battery packs with similar revenue streams? One comes to mind Byd. Looks like we might be comparing baseball players with cricket players ; thinking both uses balls and bats. Question to ponder is offered technology is 10x better, what financial model should we be using against an incumbent versus upcoming. I don't know, never really looked into the business side of it. With Tesla Motors and Tesla Energy, I'm mostly interested in the products/technology, I've long ago put the business side in the too-hard pile and let it to others to burn brain cells trying to figure it out.

Man that would be a big battery: https://electrek.co/2018/06/29/tesla-pge-giant-1-gwh-powerpack-battery-system/

This is precisely the irrational part. The exiting shareholder's are making open market sales regardless. Buying back undervalued stock is countercyclical. So it protects selling shareholders and is accretive to holding shareholders. The only people who are harmed are new shareholders who now need to compete with the buybacks. The moral and ethical issues have largely been dealt with by the regulators. With the strict buyback regulations in Canada, I can't see how a company could legally take advantage. And actually, the irrationality by Leonard is much worse. A few years ago, CSU was put up for strategic review because it was so undervalued. Many other companies have been ransacked by raiders. Leonard knows how dangerous it is for a company to be undervalued for a prolonged period of time but he is against one of the best tools to correct that undervaluation. It's a nuance, but I don't think he's saying that the action of buying back stock is hurting shareholders, he's saying he doesn't want to be the one that has bought undervalued stock from shareholders, who he sees as partners, because management/the company is a different actor than all the others in the marketplace. But you bring up a good point with the counter-cyclicality of buybacks and providing liquidity, and I encourage you to write in a question about this angle and see what they have to say about it. I wish more people would send in good questions through the new mechanism, I'm afraid that they might shut that down too eventually if nobody uses it...