Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Tuesday, February 24, 2015

Money Management

Links
East Coast Q4 2014 Letter: All Is Well Since All Grows Better (LINK)

Allan Mecham’s Arlington Value Capital 2014 Annual Letter (LINK)

Cantab Capital Partners: Cursed by Randomness [H/T @george_cooper__) (LINK)

Fireside Chat with Eric Schmidt and Sal Khan of Khan Academy (video) [H/T ValueWalk] (LINK)

The Time Everyone “Corrected” the World’s Smartest Woman (LINK) [I first came across this story and the Monty Hall Problem in the excellent book, The Drunkard's Walk: How Randomness Rules Our Lives.]
Source: http://www.valueinvestingworld.com/2015/02/links_21.html?

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