Liberty

Bill Nygren added it too: https://www.oakmark.com/Commentary/Oakmark/Oakmark-Fund-Commentary-First-Quarter-2018.htm

I was able to attend a few years ago and it was great, thank you again Sanjeev for all the work that you put into it!

https://25iq.com/2018/04/07/business-lessons-from-mark-leonard-constellation-software/

Of course: https://www.wsj.com/amp/articles/trump-organizations-web-store-collects-sales-tax-in-only-two-states-1523042739

Twitter is pulling a Google move with its third party clients (used mostly by power users). Check this out: http://apps-of-a-feather.com/ If this bothers you, please take the time to tweet @TwitterDev to let them know.

Payola: https://www.theverge.com/2018/4/2/17189880/john-mcafee-bitcoin-cryptocurrency-twitter-ico

You scared me for a second, I skimmed and clicked through and didn't notice the year, so I thought it was from two days ago...

Yeah, I've been telling myself the same thing... but I also know that I've discovered so many companies by just clicking around on Google Finance and that some of these serendipitous finds turned out to be valuable. Or another way to look at it: Maybe using it was bad for me, but I'd have wanted the option to stop by myself, or to have it for those rare times when I need it, rather than have the whole thing yanked away by Google for no good reason...

One thing that I miss from all the alternative sites is speed. Morningstar is quite slow... Slowest is probably Gurufocus. Even Yahoo finance is pretty slow. RocketFinancial.com is probably the fastest one.

The idea is to find good things that are temporarily broken. Many other broken things just stay broken...

Transcript of Zuckerberg's press conference yesterday: https://newsroom.fb.com/news/2018/04/hard-questions-protecting-peoples-information/

Thanks for the reminder / recommendation on this one. Just bought it and am reading as of today. Enjoy! Let me know how you like it. Fascinating thus far. I'm reading Aerial Attack Study (Boyd's book) as part of reading this book. He's a very clear writer - such a talent. The section on evading missiles is easy to understand and I imagine is still somewhat useful today. Boyd reminds me of Richard Feynman in his clarity and quick identification of bs. I haven't read AAS yet, but somewhere in the book Boyd it mentions that its been used basically as is for over 40 years (from memory). Shows just how fundamental his breakthroughs were.

https://www.bloomberg.com/view/articles/2018-04-04/congress-not-amazon-messed-up-the-u-s-postal-service

Ha! I just hope Google gets the feedback from its users... I've gotten in touch with the project leader through a friend at Google and sent feedback through the forms, but that's a bit like spitting into a volcano. Not sure it does much... But I prefer doing something to doing nothing.

https://www.prnewswire.com/news-releases/charter-comcast-and-cox-to-form-new-group-to-sell-national-advanced-advertising-solutions-300624134.html

https://www.nytimes.com/2018/04/03/business/apple-hires-googles-ai-chief.html

Speaking of Intel, if you want to have a look at the new lineup: https://www.anandtech.com/show/12607/intel-expands-8th-gen-core-core-i9-on-mobile-iris-plus-desktop-chipsets-and-vpro

If they do this, they'll contract them out to the big foundries like TSMC, I think. Maybe Intel even opens up its own fabs to third parties someday, who knows (they have to weigh the benefits of keeping the best lithographic process for themselves vs spreading out the huge fixed costs over more volume). As for competing with Xeons/iX, I think it's more complex than that, but first, let's rewind the clock a bit and wonder if 5 years ago people would've bet on Apple being the best ARM chip maker out there and giving a run for its money to Qualcomm and others? And now they've just begun making their own mobile GPUs and are already kicking ass. If they make their own PC chips, they'll do it to get exactly the right balance of tradeoffs for their computers and to include customer silicon that the competition doesn't have (the stuff in the iPhone X that makes the facial recognition much faster, for example, or the secure enclave for security, etc). Apple would love to have a laptop with 20+ hours of battery life that its Intel-using competitors can't match along with FaceID to unlock and a secure enclave to store all biometrics data, for example. And since they control the OS, they can more tightly integrate the two (ie. have specialized cores that get used by the OS for very specific functions maybe -- perhaps an hardware X86 emulator optimized for the transition period so that old software can run on the new ARM OS). And since Apple's A11 already competes with not-too-old Intel laptop chips while using a fraction of the power, there's nothing that tells me that they can't make competitive laptop and desktop chips if they try. They've truly built a world-class silicon design team over the past decade. Ben Thompson wrote today: So another argument would be that it's cheaper, and also leaves Apple more in control of its roadmaps (Intel has delayed and missed targets a lot recently, screwing up with Apple's release cycles).

https://stratechery.com/2018/the-end-of-windows/

Thanks for the reminder / recommendation on this one. Just bought it and am reading as of today. Enjoy! Let me know how you like it.

Apple's silicon team is world class, both for CPUs (SOCs, actually) and GPUs now. The A11 in the iPhone X is already basically almost laptop level. Remove the limitations that have to be there because it's running on a tiny battery (clocked higher, doesn't throttle, more aggressively use all cores, etc) and it would be a good foundation. In a couple years I'd imagine they could make something competitive with Intel in performance and probably much better on power consumption because of the ARM inherent efficiency (ie. laptops with much better battery life).

Nixon on steroids: https://www.vanityfair.com/news/2018/04/trump-war-with-amazon-and-the-washington-post-is-personal

If you're wondering what hit INTC today: https://www.bloomberg.com/news/articles/2018-04-02/apple-is-said-to-plan-move-from-intel-to-own-mac-chips-from-2020

I'm reading Sapiens right now, liking it so far. Also reading "Boyd", and liking it a lot: https://www.amazon.ca/Boyd-Fighter-Pilot-Who-Changed/dp/0316796883/

https://www.bloomberg.com/news/articles/2018-04-02/apple-is-said-to-plan-move-from-intel-to-own-mac-chips-from-2020