Weekend Linkfest

The inside story of Facebook’s biggest setback | Rahul Bhatia | Technology | The Guardian https://t.co/mFir0kFtmh
Google Fiber is the most audacious part of the whole Alphabet - Recode https://t.co/Srcc7Fxn5Y
Meet The New Mavericks: An Inside Look At America's Drone Training Program | Fast Company | Business + Innovation https://t.co/rGWCRxY4yG
The Average 29-Year-Old - The Atlantic https://t.co/x7bcvJGHmL
How Elon Musk exposed billions in questionable Pentagon spending - POLITICO https://t.co/QXGbXdNDLJ
Elon Musk commencement speech at Caltech / CIT (2012.6.15) https://t.co/msaqwIg9u4 via @YouTube
Larry Ellison USC Commencement Speech | USC Commencement 2016 https://t.co/RdEXhuvF8z via @YouTube
Leaders of Companies that are Changing the World - YouTube https://t.co/9nCdNwI2r4
Taking Note: How Note-taking Improves Reading”An Interview with Shane Parrish - Evernote Blog https://t.co/3ZPBK8Wxul
Taylor Mali on "What Teachers Make" - YouTube https://t.co/8B4Q92nftd
Inside Evan Spiegel's very private Snapchat Story - Recode https://t.co/xKhINlCWB9
25 Funniest Ali G Interviews https://t.co/GMuPkPbjQN via @YouTube
So You Want To Be The Next Warren Buffett? Howís Your Writing? https://t.co/h3tY5VcZQ3
Private Equity Outlook from Industry Titans https://t.co/OFyJJa0Q96 via @YouTube
Being German is no laughing matter | 1843 https://t.co/rVKr36GAvG
How Activist Investing Is Reshaping the Boardroom: A New Dawn for Corpor... https://t.co/UkIKCqX9KL via @YouTube
The Alchemy of Capital Structure https://t.co/VHdi5TevRR via @YouTube
Treasury's War on Terror: What It Means for Banking and Global Commerce https://t.co/Q8SMTSepht via @YouTube
Square: Learning Banking Truths the Hard Way - WSJ https://t.co/WCCli1Nzh2
Going Off the grid, from the official site of Stephen Fry https://t.co/zd5dL4Nl5y
The Oprah of Audio”Behind The Podcast With 70M+ Downloads | Observer https://t.co/3fqtMQAaS2
Searching For Google CEO Sundar Pichai, The Most Powerful Tech Giant You've Never Heard Of https://t.co/RNcaOCSHzF
Commencement Speech - University of Michigan https://t.co/UIkfk0jnxT via @YouTube
Michael Bloomberg's commencement speech 2016 - Here's Your Degree. Now Go Defeat Demagogues. - Bloomberg View https://t.co/zcqFLcMHo4

Linkfest

How Reddit Plans To Become a 'Real' Business - Fortune https://t.co/d1b6Ga2rdB
The Showman - The New Yorker https://t.co/RVcTna7Ze8
Meaningful Work and Relationships: A Conversation with Ray Dalio https://t.co/cWRAZW7CVA via @YouTube
Craig Steven Wright claims to be Satoshi Nakamoto. Is he? | The Economist https://t.co/zOmfUheX2p
Jail Term for Wrong Depiction of Indian Map: An Explainer on the Draft Geospatial Bill | The Wire https://t.co/nMljq8w57J
A Dozen Things I’ve Learned from Bernard Baruch about Investing | 25iq https://t.co/Jr8nqv92my
Ten Things I Learned From Tony Hawk — Life Learning — Medium https://t.co/IeyZlFnezi
Lunch with the FT: David Petraeus - https://t.co/9wP2fKLyE3 https://t.co/K4J237nMQy
Global Conference 2016 | Nuclear Fusion: Has Its Time Finally Arrived? » Milken Institute https://t.co/eNYx9bNiQr
market folly : Greenlight capital Q1 letter https://t.co/8CulxF0xWO
The Secret Culprit in the Theranos Mess | Vanity Fair https://t.co/rEWRMx99Ri
Claude Shannon, the Father of the Information Age, Turns 1100100 - The New Yorker https://t.co/YkbGsLzKQC
How Tiger Woods' life unraveled in the years after father Earl Woods' death https://t.co/5iVGWnFbUS
Book review of Raymond Coppinger & Lorna Coppinger's What is a Dog? | Arts and Literature Review https://t.co/MpBHW6Ynxk
Goldman Sachs | Podcast: 'Exchanges at Goldman Sachs' - Episode 30: The Digitization of Finance https://t.co/v8v5IntMoD
Chris Cox https://t.co/s2KLYEQMBX via @charlieroseshow
A Leak Wounded This Company. Fighting the Feds Finished It Off https://t.co/WUdXW6MHgu
Could You Work at a Place Where Everyone Gets to See Everything and People Always Tell You What They Really Think?https://t.co/b8Cs83yWPK

This is water - The most inspiring speech ever given

Weekend Linkfest

The medical eduction of America - a beautiful essay by Abaraham Flexnar https://t.co/WNZ8cxbMc9
Advice from Hedge Fund Manager – Edward Misrahi http://www.wilowallstreet.com/smarter/advice-from-hedge-fund-manager-edward-misrahi/ …
Why Money Manager Due Diligence is so Difficult http://awealthofcommonsense.com/2016/04/tales-from-manager-due-diligence/ …
Staying one step ahead at Pixar: An interview with Ed Catmull | McKinsey & Company http://www.mckinsey.com/business-functions/organization/our-insights/staying-one-step-ahead-at-pixar-an-interview-with-ed-catmull …
“Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters of the World’s Greatest Investor” http://latticework.com/an-exclusive-look-warren-buffetts-ground-rules-words-of-wisdom-from-the-partnership-letters-of-the-worlds-greatest-investor/ …
Visa Moves At The Speed Of Money - Forbes https://t.co/aNZtPpuDl7
Class Day 2014: Salman Khan https://youtu.be/ac0Kq3jSsp4 via @YouTube
Lessons from the Fall of SunEdison | Base Hit Investing http://basehitinvesting.com/lessons-from-the-fall-of-sunedison/ …
“Why Revolutionaries Love Spicy Food” by @koxinga21 illo by @HulloJackie http://go.nautil.us/spicyfolk
Monica Lewinsky: ‘The shame sticks to you like tar’ | Technology | The Guardian https://t.co/EhKORjOCGb
Alec Ross: "The Industries of the Future" | Talks at Google - YouTube https://youtu.be/fMmM2Jtkhxc
Arianna Huffington: "We Are Drowning in Data and Starved for Wisdom" - YouTube
https://youtu.be/vXzVXRL07B4
Buffet's interview by the FCIC
The wisdom of child consumers: http://www.thebookoflife.org/why-we-hate-cheap-things/ …

Linkfest

FT alphacast - future of wearables http://aca.st/8a1fc9 via @acastIn this #TedTalk, prof. @AdamMGrant shares the surprising habits of original thinkers: http://bit.ly/1qn2OIW #Originals @TedTalksRecord year: APAC private equity deal value rose 44% in 2015 to a record $125 billion http://ow.ly/108vvz
Price vs. service for international airlines. #travel #datavizhttps://www.1843magazine.com/travel/what-the-numbers-say/come-fly-with-me …
How Many Decimals of Pi Do We Really Need? - Edu News | NASA/JPL Edu http://www.jpl.nasa.gov/edu/news/2016/3/16/how-many-decimals-of-pi-do-we-really-need/ …Top V.C. on “Mostly Crap” Start-Ups, Mark Zuckerberg, and Early Facebook’s Grim Lunches | Vanity Fair http://www.vanityfair.com/news/2016/03/chamath-palihapitiya-interview-says-start-ups-are-mostly-More evidence: Behind every major Wall St clusterf*%k stands McKinsey & Co.
Valeant & The Roll-Up Racket
http://www.newyorker.com/magazine/2016/04/04/inside-the-valeant-scandal …Rob Ford: The Honest Liar - BuzzFeed News http://www.buzzfeed.com/ivortossell/rob-ford-the-honest-liar?utm_term=.qo65MYZKW#.fqjzoPrkQ …Fireside Chat with A.R. Rahman - Talks at Google https://youtu.be/2XXM6fc0zzw via @YouTubeGoldman Sachs | Talks at GS - Peter Diamandis: Creating the Future Through Technology http://www.goldmansachs.com/our-thinking/talks-at-gs/peter-diamandis.html …Goldman Sachs | Talks at GS - Shaquille O’Neal: Making an Impact on the Court and in the Community http://www.goldmansachs.com/our-thinking/talks-at-gs/shaquille-oneal.html …How Maritime Insurance Built Ancient Rome http://priceonomics.com/how-maritime-insurance-built-ancient-rome/ …Andrew S. Grove, Intel Chief Who Spurred Semiconductor Revolution, Dies at 79 - The New York Times http://www.nytimes.com/2016/03/22/technology/andrew-grove-intel-obituary.html?_r=0 …Too much of a good thing | The Economist http://www.economist.com/news/briefing/21695385-profits-are-too-high-america-needs-giant-dose-competition-too-much-good-thing …Searching For Google CEO Sundar Pichai, The Most Powerful Tech Giant You’ve Never Heard Of via @mat @buzzfeednews

Long weekend link-fest

Clayton Christiansen -  Such a treat talking to @pmarca at @startupgrind: http://bit.ly/223f4Q0
Sell Short the “Ph.D. Standard,” Buy Gold – Non-Dollar Report http://nondollarreport.com/2016/03/sell-short-the-phd-standard-buy-gold/ …
Network Effects http://www.slideshare.net/a16z/network-effects-59206938/21-For_example_if_its_X …
Excessively Candid http://FoodNetwork.com Recipe Reviews - The New Yorker http://www.newyorker.com/humor/daily-shouts/excessively-candid-foodnetwork-com-recipe-reviews?intcid=mod-most-popular …
McKinsey’s fingerprints are all over Valeant - http://FT.com http://www.ft.com/intl/cms/s/0/0bb37fd2-ef63-11e5-aff5-19b4e253664a.html?ftcamp=crm%2Femail%2F%2Fnbe%2FArtsLeisure%2Fproduct …
Rooted to the plot: what can Voltaire’s ‘Candide’ teach gardeners? - http://FT.com http://www.ft.com/intl/cms/s/2/27cb998e-ed01-11e5-bb79-2303682345c8.html?ftcamp=crm%2Femail%2F%2Fnbe%2FArtsLeisure%2Fproduct …
(8) Advita Bihani's answer to What are things I should do every day to have a good life? - Quora https://www.quora.com/What-are-things-I-should-do-every-day-to-have-a-good-life/answer/Advita-Bihani …
Lord Mervyn King: "The End of Alchemy" | Talks at Google - YouTube https://www.youtube.com/watch?v=gj7-lO7pT-s&feature=youtu.be …
IAmA partner with a multi strategy hedge fund : SecurityAnalysis https://www.reddit.com/r/SecurityAnalysis/comments/47yrup/iama_partner_with_a_multi_strategy_hedge_fund/ …
Frenzel & Herzing Value Investment Blog» Blog Archive » HQ Life and the Story of the Fake Sheikh http://frenzel-herzing.com/hq-life-and-the-story-of-the-flash-sheikh/ …
An in-depth conversation on 10 years of tweeting with @Jack Dorsey http://bloom.bg/1Uf9S7i
Here's Ex-Lehman CFO Erin Callan's Stunning New Memoir - Fortune http://fortune.com/2016/03/21/erin-callan-lehman-book/ …
A British mathematician just won a $700,000 prize for solving this fascinating math problem http://read.bi/1pzdjZJ
MiB: Bethany McLean - The Big Picture http://ritholtz.com/2016/03/mib-bethany-
PRESENTING: Wall Street's brightest minds reveal the most important charts in the world http://read.bi/1pzcLmG
The Reith Lectures, Niall Ferguson: The Rule of Law and Its Enemies: 2012, The Human Hive http://bbc.in/Lc2WEN
Inside Apple CEO Tim Cook’s Fight With the FBI | TIME http://time.com/4262480/tim-cook-apple-fbi-2/ …
Bridgewater, world’s largest hedge fund, plans for life after founder http://on.wsj.com/1S4gr8T via @WSJ
How GE Exorcised the Ghost of Jack Welch to Become a 124-Year-Old Startup - Bloomberg Business http://www.bloomberg.com/news/articles/2016-03-17/how-ge-exorcised-the-ghost-of-jack-welch-to-become-a-124-year-old-startup …
We create the names of paint colors for a living -. Ask us anything! : IAmA https://www.reddit.com/r/IAmA/comments/3tyt69/we_create_the_names_of_paint_colors_for_a_living/ …
A profile of elevators: Up and Then Down - The New Yorker http://www.newyorker.com/magazine/2008/04/21/up-and-then-

Some video/podcast links

Fascinating example of human-computer interaction: The New York Gambit, via @nytimes http://www.nytimes.com/2016/03/20/nyregion/vying-to-become-the-next-bobby-fischer-chess-championship.html?smid=nytcore-iphone-share&smprod=nytcore-iphone …
Why workers hate open-plan offices, pricing in political risk and women in the global economy http://podcast.ft.com/?p=3302
AMAZING MiB: Jack Bogle, Vanguard Group founder http://ritholtz.com/2016/03/mib-jack-bogle-vanguard-group-founder/ …
Watching Charlie Rose: Ron Chernow on @CharlieRose: http://hulu.com/w/s0rq
Learning machine learning — Benedict Evans http://ben-evans.com/benedictevans/2016/3/14/to58mvtuxcs47ndvw0gmdqnh7d1tab#.VukZb5-eLbU.twitter …
Watching Charlie Rose: Marissa Mayer on @CharlieRose: http://hulu.com/w/rv2d
Via @NPR: Episode 390: We Set Up An Offshore Company In A Tax Haven http://n.pr/1S4GZqB
Via @NPR: Episode 689: A Hedge Fund, A Country, And A Big Sailboat http://n.pr/1YHK6ay
Via @NPR: Episode 687: Buy This Passport http://n.pr/1QMitqC
Via @NPR: Episode 424: How Much Is A Firefighter Worth? http://n.pr/1R1Zd94
The Ice King http://99percentinvisible.org/episode/frozen-assets/ …
The Yin and Yang of Basketball http://99percentinvisible.org/episode/yin-yang-basketball/ …

Linkfest

John Bogle tells the fascinating story of Vanguard’s origins http://www.valuewalk.com/2016/03/masters-business-jack-bogle-vanguard-group-founder/ …
Watching Charlie Rose: Marissa Mayer on @CharlieRose: http://hulu.com/w/rv2d
The Man Who Sold the Eiffel Tower. Twice. | History | Smithsonian http://www.smithsonianmag.com/history/man-who-sold-eiffel-tower-twice-180958370/?no-ist …
What Google Learned From Its Quest to Build the Perfect Team - The New York Times http://www.nytimes.com/2016/02/28/magazine/what-google-learned-from-its-quest-to-build-the-perfect-team.html …
The long march from China to the Ivies | 1843 https://www.1843magazine.com/features/the-long-march-from-china-to-the-ivies …
The Billionaires’ Loophole - The New Yorker http://www.newyorker.com/magazine/2016/03/14/david-rubenstein-and-the-carried-interest-dilemma …
Former CEO Mulcahy on Turning Xerox Around https://youtu.be/Q_hRTyllwC4?list=PL5C14B375A7F2FEA8 … via @YouTube
Gimlet Media | » #57 Milk Wanted https://gimletmedia.com/episode/57-milk-wanted/ …
#8 Frequent Flyer Miles by Surprisingly Awesome via #soundcloud https://soundcloud.com/surprisinglyawesome/frequent-flyer-miles?utm_source=soundcloud&utm_campaign=wtshare&utm_medium=Twitter&utm_content=https%3A//soundcloud.com/surprisinglyawesome/frequent-flyer-miles …
Richard Oldfield, Chairman of Oldfield Partners LLP https://youtu.be/t-OAWlhJUo4 via @YouTube
Mary Pilon: "The Monopolists: Obsession, Fury, and the Scandal Behind ..... https://youtu.be/-CpE8K4ts6s via @YouTube
The director of @tribecafilm on the storytelling power of Snapchat @ZoeLaHenry http://bit.ly/1Ref309
A Eulogy for the Pit Trader — MEL Magazine — Medium https://features.wearemel.com/a-eulogy-for-the-pit-trader-ee2a2dfeb85#.y18lrwt16 …
The Incredible Rise and Final Hours of Fracking King Aubrey McClendon http://www.bloomberg.com/features/2016-aubrey-mcclendon/ …
I’m Bill Gates, co-chair of the Bill & Melinda Gates Foundation. Ask Me Anything. : IAmA https://www.reddit.com/r/IAmA/comments/49jkhn/im_bill_gates_cochair_of_the_bill_melinda_gates/ …

Weekend Linkfest

Travis Kalanick: Uber's plan to get more people into fewer cars | TED Talk | http://TED.com http://www.ted.com/talks/travis_kalanick_uber_s_plan_to_get_more_people_into_fewer_cars …
Warren Buffett CNBC Transcript, Feb 29, 2016 https://www.scribd.com/doc/301250188/Warren-Buffett-CNBC-Transcript-Feb-29-2016 …
Mamma mia! As Starbucks looms, Italians warm to U.S.-style coffee http://on.wsj.com/1Qpe1Bg
How @Snapchat makes money http://bloom.bg/1QtYnCk
Former hedge fund manager Phil Falcone spoke in public for the 1st time in years slamming HF industry http://uk.businessinsider.com/falcone-speaks-at-alpha-hedge-east-2016-2 …
According to Malcolm Gladwell, mastering a skill takes 10,000 hours of practice. Does it? http://go.nautil.us/practice
Sir Ronald Cohen: Impact Investing Is the Future https://youtu.be/VgWJZiRL7BQ via @YouTube
View media
The Daily Telegraph through the eyes of its readers http://s.telegraph.co.uk/graphics/projects/Telegraph-letters-Editor-anniversary/index.htm

Rural electric co-ops, traditionally bastions of coal, are getting into solar - Vox http://www.vox.com/2016/2/26/11116230/rural-electric-co-ops-solar …
Watching Charlie Rose: Bill Gates on @CharlieRose: http://t.co/tOejTz2zRE
Moody's CFO Linda Huber Has Instituted Changes https://youtu.be/yGhlIVjzW3w via @YouTube
A Conversation with Nate Silver — Conversations with Tyler — Medium https://medium.com/conversations-with-tyler/nate-silver-conversations-with-tyler-1bdafe685d77#.c4oqzpyx8 …
Odd Lots: The Big Long - Bloomberg Business http://www.bloomberg.com/news/articles/2016-02-22/odd-lots-the-big-long …
Paul Graham on Doing Things Right by Accident · The Macro http://www.themacro.com/articles/2016/02/paul-graham-startup-school-radio-interview/ …
Fintech's search for a 'super-algo', and Mohamed El-Erian on avoiding the next collapse | FT Alphachat on acast https://www.acast.com/ft-alphachat/fintechssearchforasuper-algo-andmohamedel-erianonavoidingthenextcollapse …
Alphachat: Boardroom battles at Xiaomi http://aca.st/eef86e via @acast
Berkshire Hathaway: The Next Ten Years http://www.rationalwalk.com/?p=14163 via @rationalwalk
What @Google learned while trying to create the perfect team. https://rework.withgoogle.com/blog/five-keys-to-a-successful-google-team/ …
Best Practices for Building a Meaningful Network https://youtu.be/56C8l4klXUg via @YouTube
Interview With Jeff Gramm Author Of Dear Chairman http://www.valuewalk.com/2015/12/dear-chairman-book/ … via @ValueWalk
Lost in the Meritocracy http://www.theatlantic.com/magazine/archive/2005/01/lost-in-the-meritocracy/303672/ …

Notes from The monopolists (1)

I've been reading the history of monopoly recently, here's some notes: 

The book talks about Ralph Anspach, professor of economics at San Francisco state university...

"Pulling open his front door, Ralph called out a hello to his wife, Ruth, and his two sons—Mark, age twelve, and William, age seven. He was looking forward to eating a simple dinner with his family and perhaps playing a board game with them afterward."

"As smart and feisty as their parents, the boys were more politically aware than most children their age and were precocious Monopoly players. They loved everything about the game—its iconic Atlantic City properties, its tiny homes, its play money, its idiosyncratic tokens. The object of the game was to bankrupt all opponents and be the last person standing by acquiring real estate and charging rent. As players made their way around the board, they acquired or negotiated trades for properties. Then, they tried to get all of a like color grouping and build houses and hotels on their monopolies to jack up the rent, thus clearing out the coffers of their rivals."

"Getting warmed up, Ralph then railed against the economic culture that had fostered the current oil crisis—it was a far cry from the anti-monopoly climate that had existed in the United States in the late 1800s and early 1900s, he said. Back then, “trust-busting,” or the breaking up of large monopolies and trusts, had been part of the national political discourse, and strong anti-monopoly laws had been put into effect. The laws had come in the wake of John D. Rockefeller’s and Andrew Carnegie’s strongholds on the oil and steel industries, respectively, which had raised prices sky-high and, critics said, destroyed many small businessmen and seriously undermined America’s standard of living."

"Suddenly, William interrupted his father. He had just won a game of Monopoly the night before, he reminded him. It had been a lot of fun. So how could monopolies be so bad? Had he done something wrong by winning the game?"

"Ralph’s punch line: Competitive capitalism is the best economic system in the world, but it is constantly being undermined by greedy monopolists. Since Adam Smith had also argued against monopolists, his theories couldn’t have been more relevant to what was happening in the 1970s, at least as far as Ralph was concerned."

"A better capitalist board game, Ralph said, would be one in which players competed against each other to produce better-quality, lower-priced goods while government regulated or abolished monopolies. In short, the game would teach the opposite of what the Parker Brothers game taught.

Then it hit him. He could create an anti-monopoly game of his own."

"When a player landed on a space on the Anti-Monopoly board, she or he could serve the monopoly with an indictment. The more indictments served, the more points earned. Players purchased indictment chips and brought cases against companies with spoofed corporate names: Egson Oil, Fort Auto, and Nazareth Steel. "

"Anti-Monopoly hit the market around the time that news about Watergate broke. In the ensuing weeks, details about the scandal, followed by denials from the Richard Nixon White House, unfolded day by day. Meanwhile, OPEC announced a plan to cut oil production by 25 percent. Ralph thought all the bad news boded well for sales of his antiestablishment pastime."

"A negative story about the game appeared in the San Francisco Chronicle. “I can’t help thinking this game would be much improved if it didn’t constantly remind the player of its classic predecessor,” the Chronicle reporter wrote. “It’s a little like living in your first husband’s house with a second husband.” 

"On his lawyer’s advice, Ralph wrote to game distributors to emphasize that Anti-Monopoly was produced by Anti-Monopoly Inc., which was not associated with Parker Brothers."

"Howes wrote on behalf of General Mills, the cereal king and Betty Crocker steward that had purchased Parker Brothers in 1968. Parker Brothers president Robert Barton, in consultation with his son, Randolph, had agreed to sell in order to diversify the family’s financial portfolio, and General Mills aspired to be a massive consumer conglomerate, part of an industry-wide trend toward mergers. "