Free reading resources
I'm putting together a list of essays, blog posts, memos and articles that I think everyone would benefit from reading.
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“The best thing a human being can do is to help another human being know more.” — Charlie Munger
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Strategy
Collection of writings on business strategy.
Collaborative Fund Blog
Selected writings by Morgan Housel for Collaborative Fund, The Wall Street Journal and The Motley Fool.
Chairman's Letter
Written by Warren Buffett for Berkshire Hathaway.
Memos to Oaktree Clients
Written by Howard Marks for Oaktree Capital.
- Not Enough -
- Uncertainty II -
- Uncertainty -
- Knowledge of the Future -
- Calibrating -
- Which Way Now? -
- Latest Update -
- Nobody Knows II -
- You Bet! -
2019
- Mysterious -
- On the Other Hand -
- This Time It's Different -
- Growing the Pie -
- Political Reality Meets Economic Reality -
2018
2017
2016
- Go Figure
- Implications of the Election -
- Political Reality -
- Economic Reality -
- What Does the Market Know? -
- On the Couch -
2015
2014
2013
2012
- A Fresh Start (Hopefully) -
- On Uncertain Ground -
- It's All A Big Mistake -
- Deja Vu All Over Again -
- Accessing Performance Records: A Case Study -
- What Can We Do For You? -
2011
- It's All Very Taxing -
- What's Behind the Downturn -
- Down to the Wire -
- How Quickly They Forget -
- On Regulation -
2010
- Open and Shut -
- All That Glitters -
- It's Greek to Me -
- Warning Flags -
- I'd Rather Be Wrong -
- Tell Me I'm Wrong -
2009
2008
- Volatility + Leverage = Dynamite -
- The Limits to Negativism -
- Nobody Knows -
- Plan B -
- What Worries Me -
- Doesn't Make Sense -
- The Aviary -
- The Tide Goes Out -
- Whodunit -
- Now What? -
2007
- No Different This Time - The Lessons of -07 -
- Now It's All Bad? -
- It's All Good -
- It's All Good... Really? -
- Everyone Knows -
- The Race to the Bottom -
2006
- Pigweed -
- The New Paradigm -
- Dare to Be Great -
- You Can't Eat IRR -
- Returns, Absolute Returns and Risk -
- Risk -
2005
- Hindsight First, Please (Or, What Were They Thinking?) -
- A Case in Point -
- There They Go Again -
- Oaktree at Ten -
2004
- Hedge Funds: A Case for Caution -
- Risk and Return Today -
- The Happy Medium -
- Us and Them -
- Hey, Steward!! -
2003
- The Feeling's Mutual -
- What's Your Game Plan? -
- The Most Important Thing -
- What's Going On? -
- Whad'Ya Know? -
2002
- Returns and How They Get That Way -
- Etorre's Wisdom -
- Quo Vadis? -
- The Realist's Creed -
- Learning from Enron -
2001
- You Can't Predict. You Can Prepare. -
- What Lies Ahead? -
- Notes from New York -
- What's it All About Alpha -
- Safety First... But Where? -
2000
1999
1998
1997
1996
1995
1994
- How Does An Ineffective Market Get That Way? -
- Risk In Today's Market - Revisited -
- Risk In Today's Market -
- Random Thoughts on the Identification of Investment Opportunities -
1993
1992
1991
1990