I apologize for not posting in the last 9 days or so, but I’ll make it worth your while with this link to Q3 2006 and Q1 2008 letters to investors by Scion Capital’s Michael Burry. You may have read about him in a previous post here – or in Michael Lewis’ book The Big Short. Get it while it lasts.
Dartmouth professor Richard D’Aveni has a thought-provoking interview at Fortune about his latest book, which is about China as a threat to US interests – valid for Brazil as well and for the same reasons. It’s hard to disagree with Prof. D’Aveni’s idea that “the free market has basically got a disavantage when you’re against a smart strategic capitalist”.
A good-humored introduction of sorts to the book Checklist Manifesto – we posted about it in January 2011. We also link to two other articles about checklists in the FT and, ever the skeptics, we also highlight the destructive power of dumb checklists – or the dumb use of checklists, to be more precise.
Almost two years ago I posted about spotting lying CEOs, which was a reader suggestion. Now the same reader (keep’em coming!) has sent me an article from the CFA Institute, based on the same research on spotting liars, also mentioning the researcher’s book. I also link to other Buysiders.com posts on related subjects.