VersaillesinNY

Entire speech by George Soros: Statement submitted to the European Parliament Joint Hearing: “Budgetary implications of the current refugee and migration crisis” https://polcms.secure.europarl.europa.eu/cmsdata/upload/03654ee6-376d-4043-a222-5af8ff117b81/Statement-submitted-to-the-European-Parliament-Joint-Hearing-by-George-Soros-on-30-June-2016.pdf Partial speech: http://www.cnbc.com/2016/06/30/brexit-is-a-negative-shock-soros.html Statement-submitted-to-the-European-Parliament-Joint-Hearing-by-George-Soros-on-30-June-2016.pdf

Brexit and the Future of Europe by George Soros - Jun 25, 2016 https://www.project-syndicate.org/commentary/brexit-eu-disintegration-inevitable-by-george-soros-2016-06

The Brexit crash will make all of you poorer – be warned George Soros op-ed https://www.theguardian.com/commentisfree/2016/jun/20/brexit-crash-pound-living-standards-george-soros

Brazil Conference 2016 | Jim Collins Interviews Jorge Paulo Lemann + Gisele Bündchen

Looking at some of my notes from Sequoia’s recent meeting on Friday: Acacia is a $5 Billion fund run by Greg Alexander (30 years’ experience) with a team of 7 people vs Sequoia ($5B and 9 people). The fund has outperformed the S&P for 25 years! Acacia has successfully invested in some foreign companies over the years. Greg mentioned that it was a hell of a 6 months at RCG and that the they have a reputation on Wall Street for doing the best research.

Today's rich families in Florence, Italy, were rich 700 years ago http://www.vox.com/2016/5/18/11691818/barone-mocetti-florence

It's Carlos Slim's favorite book!

An extra 16 min separate interview with Charlie Munger http://finance.yahoo.com/news/munger--donald-trump-s-behavior-reflects-a--form-of-sickness-205710579.html

The End of China's Economic Miracle? (Complete) NEW YORK, April 20, 2016 — Jamil Anderlini, Lucy Hornby, and Richard McGregor of the Financial Times, Orville Schell, and George Soros discussed how rising wages, labor shortages, and lesser returns on investment have contributed to China's economic slowdown. The panel discussion and Q&A session were accompanied by the presentation of a short documentary produced by the Financial Times: The End of China's Economic Miracle. (1 hr., 9 min.) http://asiasociety.org/video/end-chinas-economic-miracle-complete

A fascinating video/lecture featuring Dr. Vaclav Smil: "Energy Revolution? More like a Crawl" - Sep 19, 2015

AUM continues to sink at Wintergreen fund: http://www.wintergreenfund.com/downloads/wintergreen_fund_annual_report_20151231.pdf wintergreen_fund_annual_report_20151231.pdf

More blood down the road part II. (AR attached) These ex-Fairholme fund guys opened their spin-off fund at the wrong time and placed too many wrong bets. The result is a permanent loss of capital and investors flying through the exit door. It’s going to be hard to make it back. GoodHaven_2015_Annual_Report.PDF

George Soros Talks EU, China, Fed and Donald Trump - 49 min interview http://www.bloomberg.com/news/videos/2016-01-21/george-soros-talks-eu-china-fed-and-donald-trump

DealBook Conference Nov 3, 2015 - The Other Investors’ Perspective Always interesting to watch: A conversation about the lessons from decades of investing with Stanley Druckenmiller, founder, Duquesne Capital Management.

Warren Buffett at Fortune's Most Powerful Women Summit 2015

These Are the Juiciest Nuggets From Bill Gross's Lawsuit Against Pimco http://www.bloomberg.com/news/articles/2015-10-08/these-are-the-juiciest-nuggets-from-bill-gross-s-lawsuit-against-pimco Greed & bonuses at Pimco http://www.firstlegalnetwork.com/perm/efile/confirmedCopy/52629/2816995_Complaint%200.pdf 2816995_Complaint_0.pdf

Thanks for sharing!

It seems that Wintergreen fund is facing some redemptions, AUM are sinking by 1/3 in just 6 months. Fund's exposure: Tobacco companies 20.7% Real estate 11.5% Oil & Gas 9.6% Richemont 6.6% Nestlé 5.3% Google 3.3% Coke 2.5% Railroads 3.2% BRK 0% http://www.wintergreenfund.com/downloads/wintergreen_fund_semi_annual_report_20150630.pdf

On how to become a better person and a better investor.

Great minds think alike. At a recent conference, Wilbur Ross started his presentation quoting the same Mark Grant’s story about Greece: "It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt, and everybody lives on credit. On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel. The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna. The publican (tavern manager) slips the money along to the local lady of the night drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note. The hotel proprietor then places the €100 note back on the counter so the rich traveler will not suspect anything. At that moment the traveler comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town. No one produced anything. No one earned anything. However, the whole village is now out of debt and looking to the future with a lot more optimism. And that, Ladies and Gentlemen, is how any new Greek bailout package is likely to work."

Stanley Druckenmiller - 30 Min Presentation & Interview at Delivering Alpha - 20 Jul 2015 https://www.youtube.com/watch?v=kmErWcHmFsE

More blood down the road. GoodHaven semi-annual report 2015 GoodHaven_2015_Semi-Annual_Report.pdf

Wow, this guy is a legend and he is pushed to the exit for lagging the benchmark during the last 5 years. http://www.bloomberg.com/news/articles/2015-07-13/mobius-to-step-down-as-lead-manager-of-templeton-emerging-trust "The fund has declined 0.3 percent annually over the past five years, compared with a gain of 1.9 percent in its benchmark" Mark Mobius, star developing markets manager, stumbles http://www.investmentnews.com/article/20150506/FREE/150509946/mark-mobius-star-developing-markets-manager-stumbles

The unstoppable man... Drahi’s SFR Said to Bid $11 Billion for Bouygues Telecom http://www.bloomberg.com/news/articles/2015-06-21/drahi-s-sfr-said-to-bid-over-11-billion-for-bouygues-telecom-ib6ccao7

I came across an insightful video interview of John Spears, Managing Director at Tweedy Browne. During 45 min, John Spears covers topics such as business, leadership, quakers and investing. http://ldr.esr.earlham.edu/video/spears