Weekend readings - 8 Jul'22 : Ed. 96
A compilation of few interesting, multi-disciplinary links from the internet
“I really don't [think that there's value in using quantitative tools to measure and manage risk]. We don't do it at all. First of all, what is risk? It's the probability of a negative event in the future. What do we know about that? What does the past tell us about that? The past has relevance, but it's not absolute…. I don't think risk can be measured. I don't think the past is absolutely applicable. In fact, the big money is lost at the juncture when the past stops being applicable, which happens eventually. And I don't think that the possibilities in the future can be synthesized into inputs that are sufficient to let a computer decide what's risky or not.” —Howard Marks [Source: 25:46 of Talks at GS video, and transcript]
Section 1 - Investing & Personal Finance
TPK podcast with Kunal Shah of Cred [LINK]
Section 2 - Economic Trends & Themes
Most of the world’s grain is not eaten by humans [LINK]
How the real economy gains - and loses - with better informed investors [LINK]
Section 3 - Personality study & Development
Small actions make great leader [LINK]
Section 4 - Business History & management
In Defense of Harshad Mehta - by Jyoti Mehta [LINK]
The legacy of Shinzo Abe [LINK]
Section 5 - Reading & Entertainment
How TikTok became a bestseller machine [LINK]
Teaser for Mani Ratnam’s PS-1 [LINK]
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That's it for me. Have a great weekend ahead!
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