Dear members,

I hope you had a wonderful Thanksgiving.

In just a couple of weeks, we will host Latticework 2021, a fully online conference exploring intelligent investing on the right side of change. As a member, you are automatically registered (details to follow).

Rohith Potti recently concluded a four-hour (!) conversation with Sanjay Bakshi, Managing Partner at ValueQuest Capital and Distinguished Adjunct Professor at Flame University in India. This fascinating conversation is Professor Bakshi's longest interview on record. I look forward to sharing it with you soon.

Warmly,

John

Quote We Are Contemplating This Week

11 Articles We Are Reading This Week

1. Gratitude - Frederick Neckar

2. Polluted air - David Wallace-Wells

3. Leisure time - Rohit Krishnan

4. Money code - Clive Thompson

5. China's growth - Noah Smith

6. Winds of change - Howard Marks

7. How it happened - Morgan Housel

8. Saving a ski town - Gloria Liu

9. Listening to books - Maggie Gram

10. Frappuccino history - Conor MacNeil

11. Unknown unknowns - Alexandr Wang

Letters, Presentations, Writeups...

Industry Insights: clearinghouses | crypto | fertilizers | flying taxis | home furniture | metaverse | oil | payments in Japan | semiconductors

Letters & Commentaries: Bonsai | Greenwood | Lux | McKinsey | Myrmikan | OTC | Rhizome | Yardeni

Company Writeups: Autozone | Berjaya | Charter | Just Eat Takeaway | Redbubble | Sea | Spotify | Steris

Company Slides: AMD | Crew Energy | Farfetch | Horizon Tech Finance | Laureate Education | Medtronic | TietoEVRY | Trican

5 Podcasts We Are Listening to This Week

1. TWIII - Elliot, Phil & John discuss timely and timeless topics

2. Odd Lots - Jason Furman on what to do about inflation

3. Equity Mates - Yen Liow on his investment philosophy

4. Masters of Scale - Reid Hoffman on the "great resignation"

5. Neckar's Analysis - Sebastian Mallaby on legendary investors

5 Videos We Are Watching This Week