- 5 tips for lightning-fast decision making:
1. The 2 minute rule
2. Think black and white
3. Put it in a hat
4. Focus on the present
5. Embrace the idea of failure (Life Hack)
- “We want to win”: the 2013 Berkshire Hathaway Annual Meeting (Jeff Matthews Is Not Making This Up); and
Just how good is Warren Buffett anyway? (Reformed Broker)
- But how good is Warren Buffett’s track record, really?
- Well, Berkshire’s stock has appreciated—this is appreciation only, no dividends, mind you—981,150% since May 10, 1965.
- And if you’d put $16 into the S&P 500 instead of into one share of Berkshire on that same day, your share of the S&P 500 wouldn’t be worth $162,905 today from appreciation (we’re leaving out the dividends for now.)
- In fact, your S&P 500 share wouldn’t be worth $100,000 today.
- It wouldn’t even be worth $10,000 today.
- It would be worth about $600.
- Throw in dividends and you’re north of $1,000 but south of $2,000 on your $16 investment. The Berkshire shareholder has $162,904.
- That’s how good Warren Buffet’s track record really is.
- Fed Statement Tracker: Since the Federal Reserve releases a template created statement each meeting, we can track the changes between the statements easily. WSJ automated this process in a way that allows you to compare the changes in any two statements since 2007. (WSJ via Ritholtz) [Brilliant]
- Youth unemployment: Generation jobless (Economist)
- 7 myths about Keynesian economics (Fiscal Times)
- Perverse advantage: The scale of China’s industrial subsidies (Economist)
- 13 things you didn’t know about the Fortune 500 (CNN)
- Here’s how rich you’d be if you’d bought Apple stock instead of its gadgets (Business Insider)
- 10 technologies that are completely changing the way the world does business (Business Insider)
- 16 big bubbles that are getting ready to burst (Business Insider)
- Nate Silver: What big data can’t predict (CNN)
- Kareem: 20 things I wish I’d known when I was 30 (Esquire)
- The third space: The secret to success?
Reset ourselves in the space between whatever we are doing now and whatever we are about to transition into. This is a technique used by the world’s top tennis players can help us decompress in a matter of minutes and shift gears successfully between our roles in life. (SMH)
- The Cleveland Indians, sports agents, and the art of negotiation (Wharton)
- If you get a PhD, get an economics PhD (Noahpinion)
- LinkedIn wants prostitutes to stop using its site (Business Insider)
- The unexpected antidote to procrastination (HBR)
- 6 simple ways to make people remember you:
1. Be thoughtful, simply because you can
2. Revisit and oldie and a goodie
3. Point out who referred you
4. Compliment what you would never be expected to compliment
5. Notice when someone tries something different
6. Give someone credit they don’t deserve—yet (Business Insider)
- 10 mind-bending discoveries in physics (Listverse); and
CERN physicists team up with TED-Ed to create five lessons that make particle physics child’s play (TED)
- Will the universe end in a “Big Rip” (io9)
- Daniel Kahneman’s gripe with behavioural economics (Daily Beast)
- The so-called ‘health foods’ that are probably killing you (io9) [Basically, avoid anything with a label “low/non- sugar/free/carb”]
- Caesars Palace confirms ban on Google Glass-wearing gamblers (Verge); and
The psychology of Google Glass (PsychCentral)
- [Infographic] 10 social media personality types—which one are you? (Media Bistro)
- Facebook leans in: Ever since Facebook’s ballyhooed, bungled IPO, its share price has languished, with Wall Street asking when the social-media giant is going to grow up and make money. From confidential reports, visits to the company’s sprawling campus, and interviews with its press-shy founder and CEO, Mark Zuckerberg, and COO Sheryl Sandberg, Kurt Eichenwald pieces together the largely unnoticed shift in Facebook strategy: new content, new algorithms, and new alliances, combined to power a marketing model that could have the rest of the world scrambling to catch up. (Vanity Fair)
- David Lee Roth will not go quietly: The once and future Van Halen frontman has parlayed the sex and drugs and rock ‘n’ roll of his youth into a wild middle age, and he wants to teach us all about it. Drinking, smoking, and swinging swords on a Saturday night at home with the last true rock star. (Buzzfeed)
- The big short war: Hedge-fund titan Bill Ackman has vowed to bring down Herbalife, the 33-year-old nutritional-supplement company, which he views as a pyramid scheme. With his massive shorting of Herbalife stock, the price plummeted, prompting two fellow billionaires—Ackman’s former friend Dan Loeb and activist investor Carl Icahn—to take the opposing bet on Herbalife. As the public brawl rivets Wall Street, William D. Cohan learns why, this time, it’s personal. (Vanity Fair)
- Howrey’s bankruptcy and big law firms’ small future (Businessweek)
- Thank you for not sharing: What triggers people to reveal too much; avoiding the post-conversation cringe (WSJ)
- How to be a better friend (Scientific American)
- The origins of 8 curious body part names (Mental Floss)
- Helicopter parenting: When helping hurts (NYT)
- Awesome Craigslist ad for a second-hand bike (Mashable)
- Don’t make fun of renowned Dan Brown (Telegraph) [Brilliant parody]