Liberty

Not relevant to you, which is fine.

Profile of Amazon in Bloomberg: https://www.bloomberg.com/graphics/2018-amazon-industry-displacement/

With the sheer amount of fraud going on in the space, this is certainly not a non-event. It also reduces the supply of new patsies to the ecosystem, which is bound to affect the supply/demand equilibrium.

Sorry for bumping up this thread since it's the first time it's been falling off the page (I wonder what that means), but I thought this news we worth it: https://www.cnbc.com/2018/03/13/google-bans-crypto-ads.html

https://globenewswire.com/news-release/2018/03/13/1421219/0/en/Constellation-Software-Announces-Resignation-of-Ian-McKinnon-and-Appointment-of-Lori-O-Neill-to-its-Board-of-Directors.html

15-minute interview with Diane Greene, head of Google cloud: https://www.bloomberg.com/news/videos/2018-03-08/google-cloud-ceo-diane-green-on-international-women-s-day-video

Trump blocks the deal: https://www.bloomberg.com/news/articles/2018-03-12/trump-issues-order-to-block-broadcom-s-takeover-of-qualcomm-jeoszwnt Ben Thompson on it: https://stratechery.com/2018/qualcomm-national-security-and-patents/

https://www.forbes.com/sites/kathleenchaykowski/2018/03/08/inside-facebooks-bet-on-an-augmented-reality-future/

I haven't read it yet, but it's in the pile, and I've heard good things about it. https://www.amazon.com/Thinking-Bets-Making-Smarter-Decisions-ebook/dp/B074DG9LQF/ Background on the author: If anyone here has read it, please let us know what you think.

I've now listened to it and it's good, I recommend it. I disagree with him on the Q&A question about AI, but nobody's an expert on everything.

http://quillette.com/2018/03/11/steven-pinkers-counter-counter-enlightenment/

Focused Compounding podcast on concentration vs diversification: https://overcast.fm/+MC2avjLkg

http://ir.libertyinteractive.com/releasedetail.cfm?ReleaseID=1060457

Existing thread: http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/mkl-markel-corp/ I suggest you read Buffett's letters to become more familiar with insurance companies. They are generally not valued on P/E.

Good recent post by Housel: http://www.collaborativefund.com/blog/ideas-that-changed-my-life/

New post, some interesting thoughts about confidence and insecurity: http://www.mrmoneymustache.com/2018/03/09/money-and-confidence-are-interchangeable/

https://www.cnbc.com/2018/03/09/pharma-bro-martin-shkreli-sentenced-to-7-years-in-prison.html

Tom Russo speaking at Google on Feb 26, 2018: (sorry if already posted elsewhere)

Pinker on TMF podcast. I haven't listened yet. https://www.fool.com/podcasts/rule-breaker-investing/2018-03-07-a-better-future-through-interview/

https://www.ft.com/content/4be349c6-1594-11e8-9c33-02f893d608c2 FT Q&A with Andy Jassy, AWS head.

Great book.

Great ad: http://www.adweek.com/brand-marketing/spike-jonze-and-fka-twigs-made-a-jaw-dropping-short-film-for-apples-homepod/

I've skimmed it. I think he may be underestimating how digital advertising is growing the overall advertising pie, in both depth and breadth. Small advertisers that could never have bought TV or print ads can spend small amounts on targeted ads and measure they returns. Poorer countries that weren't typically targeted by the old ad agencies or had underdeveloped media with poor inventories can now also get in the advertising game with all the dynamically-priced online inventory.

https://www.cnbc.com/2018/03/05/amazon-in-talks-with-jp-morgan-other-banks-about-branded-checking-account-wsj.html