Liberty

This interview with Dr Jason Fung by Peter Attia is one of the rare podcasts that I know I'll listen to more than once. Also made me add his books to my list. https://peterattiamd.com/jasonfung/ I recommend it, even if at first the topics mentioned in the title don't interest you.

https://www.wsj.com/articles/building-the-wind-turbines-was-easy-the-hard-part-was-plugging-them-in-11561176010 h/t @MarAzul_90

https://stratechery.com/2019/facebook-libra-and-the-long-game/

https://deadline.com/2019/06/netflix-ted-sarandos-weighs-in-on-streaming-wars-agency-production-big-tech-breakups-ma-outlook-1202636595/

Hour-long interview with Bill Gates from June 20, 2019:

https://www.cnbc.com/2019/06/25/abbvie-is-nearing-a-deal-to-buy-allergan-for-more-than-60-billion-wsj.html

https://www.businesswire.com/news/home/20190625005454/en/Visa-Acquire-Rambus-Payments-Portfolio

Expectations matter a lot with all subjective experiences (watching a movie, listening to an album, tasting a wine or scotch, etc). I think that the hype and high expectations are doing a disservice to the company, though I'm not sure what they can do about it. I tried a Beyond Meat burger from A&W a few weeks ago with pretty neutral expectations (maybe slightly on the high side), and I liked it. I thought it wasn't quite as good as the regular burger which I had side-by-side, but it's was tasty, and would probably have gone over even better without the direct comparison. These things will keep getting better, and the end state is artificial meat that will be as good and eventually better (all cloned from the very best AAAA grass-fed Kobe beef but with Omega 3... healthier, and more ethical, and better for the environment (turning feedstock into meat isn't that efficient through an animal)) than the factory-farmed meat. Question is how long until we get there? I like that this company is getting all the attention. Hopefully it attracts more competitors and smart people and capital to the field so that this transition happens faster. Like Tesla, no interest in it as an investment, but I find the technology/product very interesting, especially where it's going rather than where it is.

I backed this project: "A LIE AGREED UPON is a limited-edition book about DEADWOOD. It will not be sold in stores or on Amazon. This is the only print run. If we hit our goal, you get however many books you ordered. If we don't, your money will be refunded. A simple binary!" Check out the video on the kickstarter page, the author explains things well. I own three of his others books (two on Wes Anderson movies and one on Mad Men), and they're excellent.

Source of this information? Thanks

I've heard "insert what is happening recently" is a sign of "late innings/crash soon/recession/new normal with no growth/etc" since about 2011. Maybe it is, maybe it isn't. Someday it'll be right (broken clock and everything), but I think people are extremely bad at predicting that stuff -- not just bad, but much worse than they think they are, and it's this miscalibration that makes it dangerous.

Is that metric useful? US companies are much more global than they were. https://twitter.com/teasri/status/1142201221626941440?s=21

In the past 9 months we've had a 20% correction and a 6% correction (with some sub-sectors moving a lot more than that), bond yield curve is inverting and everybody is talking about a recession... Agreed, not 1999 euphoria at all.

Short interview with Jonas group CEO: https://www.axial.net/forum/how-to-pull-off-a-2-billion-roll-up/

New Scuttleblurb post on TDG (subscription required): https://www.scuttleblurb.com/tdg/

https://seekingalpha.com/instablog/48301605-adrian-hernandez/5317250-constellation-software-2019-agm-highlights-and-transcript Thanks to Adrian for transcribing this.

https://techcrunch.com/2019/06/18/amazon-expands-air-cargo-fleet-with-15-more-planes-will-have-70-planes-by-2021/

New Volaris acquisition in Switzerland: https://www.volarisgroup.com/news/article/infogate-ag-joins-volaris-group-in-social-welfare-vertical h/t @pearnick

https://a16z.com/2019/05/09/data-network-effects-moats/ Interesting piece.

With the equity down 99.3% since 2011, I'd say that so far, the only winners are management (getting millions in salaries) and short-sellers.

https://www.wsj.com/articles/facebooks-new-cryptocurrency-gets-big-backers-11560463312

"A scorpion asks a frog to carry it across a river. The frog hesitates, afraid of being stung by the scorpion, but the scorpion argues that if it did that, they would both drown. The frog considers this argument sensible and agrees to transport the scorpion. The scorpion climbs onto the frog's back and the frog begins to swim, but midway across the river, the scorpion stings the frog, dooming them both. The dying frog asks the scorpion why it stung the frog, to which the scorpion replies "I couldn't help it. It's in my nature.""

Jeff Bezos fireside chat at re:MARS 2019 (june 6, 2019)

Visa CEO on B2B: Visa Direct: Visa Europe: e-Commerce: Contactless as a way to convert low-value transactions to cards: Visa CFO: Contactless "revolution" and rate of adoption: Getting money from anywhere to anywhere:

I unfortunately still haven't had a chance to watch it :'( I want to watch it with two of my friends who are also fans of Deadwood, and it's been hard to make the schedules line up.