dcollon

Billy Beane and Bill James in WSJ Bill_James_and_Billy_Beane_Discuss_Big_Data_in_Baseball_-_WSJ.pdf

I have recently discovered Sebastian Thrun (thanks to Mr. Pabrai discussing driverless cars) and find his work to be very interesting. Here are a few of his video clips, but I would google more if you find them interesting. As you will learn he is a very interesting professor/engineer/inventor Driverless Car Video Better Ways to Teach https://www.youtube.com/watch?v=SkneoNrfadk Sebastian’s Free Education for Computer Science https://www.udacity.com/ Sebastian’s Different Ideas http://www.cbsnews.com/news/google-glass-sebastian-thrun-on-newest-project-udacity/ Google Glass http://www.bloomberg.com/news/videos/2014-10-03/sebastian-thrun-studio-10-1002 I'm sure I'm late to the game on this one, but I thought I would share it with the board anyways. I wasn't able to find Sebastian's name on the board, so as always forgive me if you are familiar with him and have already seen the videos below.

Thanks Liberty

I apologize if this has already been posted, but I couldn't find it via search.

Very interesting. Thanks Gio

Fundoo Professor Sanjay Bakshi Speaking at Google

Thanks again for recommending this book. I found it to be very interesting from both a business and historical perspective. The steamboat and rail businesses were so interesting to learn about from the books perspective. On a side note, I was amazed with how many kids Vanderbilt and his wife were able to produce. Pretty impressive. :)

Thanks for posting that story Sanjeev. I love it. Now on the other side of the coin http://www.prnewswire.com/news-releases/cfp-board-discloses-bankruptcies-by-cfp-professionals-300118571.html

Thank you for posting the interview Liberty.

Thank you

There is an old joke about an engineer, a priest, and a doctor enjoying a round of golf. Ahead of them is a group playing so slowly and inexpertly that in frustration the three ask the greenkeeper for an explanation. “That’s a group of blind firefighters,” they are told. “They lost their sight saving our clubhouse last year, so we let them play for free.” The priest says, “I will say a prayer for them tonight.” The doctor says, “Let me ask my ophthalmologist colleagues if anything can be done for them.” And the engineer says, “Why can’t they play at night?” http://www.newyorker.com/magazine/2015/05/04/the-engineers-lament

You can access Jamie Dimon's presentation in the link below (first paragraph). You have to register. http://news.efinancialcareers.com/uk-en/212650/what-jamie-dimon-is-saying-about-jobs-at-j-p-morgan/

James Montier: The Idolatry of Interest Rates Montier_The_Idolatry_of_Interest_Rates.pdf

Bankstocks.com opinion "MidFlorida, the fifth largest credit union in the state—with $2.1 billion in assets—paid an undisclosed amount for the naming rights to an amphitheater in Tampa while developing some of the most lavish office spaces and branches throughout the state. MidFlorida began in 1954 as a small credit union for teachers and today serves approximately 200,000 members who “live, work, worship or attend school” in its Central Florida service area" http://bankstocks.com/lets-tax-credit-unions/

"While some Buffett wannabees on Forbes’s list operate like Berkshire, using insurance float to fund investment in disparate business lines and publicly-traded securities, others are more specialized than the ‘Oracle of Omaha’ and focused on niche markets where they have a narrow expertise. A handful of Wall Streeters who once might have been deemed ‘corporate raiders’ or buyout kingpins, meanwhile, are beginning to display their Buffett stripes." http://www.forbes.com/sites/antoinegara/2015/05/15/10-wannabe-berkshire-hathaways-warren-buffett/

Very interesting. Thanks for posting the link.

In my opinion, most firms/people overweight the importance of a prime broker. Unless you are interested in capital raising/introduction, derivatives/leverage, name recognition, etc...There is no reason to go out and find a prime broker. In my opinion, Schwab, Interactive Broker, or many other "cheap" firms will provide everything you need to manage an investment partnership or RIA. However, this is just my opinion, as I said at the beginning.

Thanks for all the posts from the meeting.

Frontline with Atul Gawande http://www.pbs.org/wgbh/pages/frontline/being-mortal/

[amazonsearch]Essentialism: The Disciplined Pursuit of Less[/amazonsearch] - Greg KcKeown I recently finished this book and found it to be helpful in thinking about a lot of the mistakes I continue to make on a day to day basis. It's similar to some other books that discuss checking e-mail too much and multi-tasking, but takes the idea in more interesting direction. It provided me with a list of things I need to work on, like saying "no" more and not over committing myself. I think some of the board members on the CoB&F would find it worthwhile.

That was fantastic. Thank you for posting the link.

[amazonsearch]The Vulture Investors - Hilary Rosenberg[/amazonsearch] This was a very enjoyable book about some large bankruptcies from years ago. The author did a great job including the major firms and individuals that were involved with each case study/bankruptcy. In addition, the descriptions of each case were entertaining to read. You will recognize many of the characters in the book like, Michael Price, Wilbur Ross, etc... I certainly enjoyed it and would recommend it to you all.

http://www.berkshirehathaway.com/letters/2014ltr.pdf

Why everyone — even Warren Buffett — got oil prices wrong (Washington Post) http://www.washingtonpost.com/blogs/wonkblog/wp/2015/02/19/why-everyone-even-warren-buffett-got-oil-prices-wrong/