Mike's notes.
Supported by Greenhaven Road Capital, finding value off the beaten path. This is our fourth(!!) post from a Michael Mauboussin podcast. There were these; Michael Mauboussin and Michael Mauboussin from conversations with Barry Ritholtz, and one – Michael Mauboussin – from The Knowledge Project podcast. I think what appeals to me about Mauboussin’s interviews is… Continue reading Michael Mauboussin
Supported by Greenhaven Road Capital, finding value off the beaten path. Sloan Conference week continues! Monday it was how General Managers make decisions, today is all about the NFL. It’s easy to say “coaches should stop punting!” yet they keep doing it because punting is a conventional failure. “No one got fired for buying IBM,”… Continue reading Please stop punting
Supported by Greenhaven Road Capital, finding value off the beaten path. Rather than a notes post, this one will be a summary page about one idea; being different. This repeats in different interviews because people want to start something new. The want comes from a dissatisfaction. Where succeed by being different and right. Howard Marks… Continue reading Be Different
This episode dropped among a list of NFT episodes, but first the quote. “In education there is a lot of incentive to fail with the pack rather than to take a risk away from the pack. For example, folks would teach the Prussian Lecture method. We all knew it was bad, we all did it… Continue reading By what conventions?
Education has been top of mind lately around our house (thanks Covid). We’ve considered college admissions, advantages of online learning, and whether reading is different than listening to a book (spoiler: both are good). There’s some big picture ideas too: curriculums, college, and careers. My daughters (12, 10) aren’t near that yet, but it’s hard… Continue reading Jobs with Rules
Supported by Greenhaven Road Capital, finding value off the beaten path. Former Chairman of Legendary Films, Thomas Tull spoke with Shane Parrish. A key insight to Rory Sutherland’s book Alchemy that we keep coming back to is doing more with less through psychological suggestion rather than physical improvement. One form of that is a see-it-to-believe-it moment. Tull experienced… Continue reading Thomas Tull
Supported by Greenhaven Road Capital, finding value off the beaten path. The podcast with Bill Gurley and Patrick O’Shaughnessy about direct listings and initial public offerings was financially, technologically and psychologically interesting. I don’t know if Gurley’s emphasis is appropriate, but it’s clear what he needs to do, reframe the situation. Gurley and O’Shaughnessy expect that… Continue reading Bill Gurley
Supported by Greenhaven Road Capital, finding value off the beaten path. John Hempton was on The Jolly Swagman podcast to talk about his career, investments, and work in Australia. Hempton’s a short seller, and not the first we’ve looked at. Marc Cohodes has been featured, twice. Jim Chanos has been featured twice too. Bethany McLean explained… Continue reading John Hempton
Supported by Greenhaven Road Capital, finding value off the beaten path. I had a problem. Too many of my subscriptions went unread. Too much podcast advice went unheeded. I had another problem, I need repetition to learn things. The first time it took me over an hour to change a headlight. Now it takes fifteen… Continue reading Small Bets
Supported by Greenhaven Road Capital, finding value off the beaten path. Just the funny parts by Nell Scovell is the story of 30+ years of television writing. We highlight people from all walks of life because of the potency of out of sample tests. If something proves true, relevant, or helpful in more than one… Continue reading Nell Scovell
The Waiter's Pad 