#2 Weekly update
Charlie Munger, Sam Zell, Michael J Mauboussin and more
Articles
Death from overfunding: An obituary for Convoy by Craig Fuller
This is the follow up story on the bankruptcy of Convoy and it is an interesting read. Companies always thought that easy money will last forever and it happens during the dotcom bubbles, the 2008 financial crisis, etc. “History Doesn't Repeat, But It Often Rhymes” by Mark Twain
Estimated reading time: 10 minutes
Total Shareholder Return: Linking The Drivers of Total Returns to Fundamentals by Michael J. Mauboussin
If any of my subscribers have no ideas who is Michael J Mauboussin, he is certainly someone that you should pay attention if you want to understand more about investing. Recently, he released his findings on total shareholder return and what are some of the common mistakes made by investors. I will certainly share more of his works going forward in the future.
Estimated reading time: 25 minutes
Podcast
Charlie Munger by Acquired
I am going to make a confession here that I am a big fan of Charlie Munger and his nonsense approach of investing. As he is approaching his 100 years old, he is making an exception in appearing in his first podcast with Acquired, a great podcast platform that tells stories of successful businesses. Can’t wait to share it with you guys.
Estimated listening time: 1 hour 6 minutes
Books
Am I Being Too Subtle?: Straight Talk From a Business Rebel by Sam Zell
It is an autobiography of Sam Zell and he wrote the book himself. Unfortunately, he passed away in 2023 and it is a big loss to the real estate industry. It is an highly authentic book by him and he shared how he built his real estate empire. He like being a contrarian, not bound by rules and society norms. I think he is a great builder and constantly talk about skin in the game. I will leave it to the readers to decide but ii is going to worth every single minute of your time.
Estimated reading time: 2 hours 10 minutes
Disclosure: I am not affiliated to any of the authors or writers and didn’t receive any monetary compensation. It is merely for education purpose and my passion for investing. Cheers!!!