Video of the week:
Watch this on a large screen (i.e. not smartphone) with headphones:
Honorable mention:
Podcast of the week:
It takes a special podcast to push Danny Kahneman to ‘honorable mention’ here. Ezra Klein delivers just that in this conversation with Lisa Barrett on emotions and how the human mind works.
Honorable mention:
Daniel Kahneman with Shane Parrish. To see such humility from someone who has won a Nobel Prize and understands human behavior better than most is something which makes this conversation all the more better
Article of the week:
Howard Mark’s latest memo is on negative interest rates. Since the topic is one close to my heart, it naturally caught my attention. Great read. Excerpt:
Honorable mention:
Trupanion’s 2018 Annual Report. The CEO updated the 2014 letter he wrote to shareholders (when the company first went public) with some updated financials. Great read in terms of clarity of thought and great execution. Also, useful primer on state of the pet insurance industry in the United States.
Statistic of the week:
Average working hours, per year. (University of Groningen)
US:
1950: 1983 hours
2014: 1764 hours
UK:
1950: 2185 hours
2014: 1675 hours
Germany:
1950: 2427 hours
2014: 1371 hours
France:
1950: 2293 hours
2014: 1473 hoursHonorable mention:
Time spent eating and drinking per day. (minutes)
🇫🇷 France: 133
🇮🇹 Italy: 127
🇪🇸 Spain: 126
🇰🇷 South Korea: 105
🇨🇳 China: 100
🇩🇪 Germany: 95
🇯🇵 Japan: 93
🇦🇺 Australia: 89
🇮🇳 India: 84 🇬🇧
UK: 79 🇲🇽
Mexico: 76
🇸🇪 Sweden: 74
🇿🇦 South Africa: 72
🇨🇦 Canada: 65
🇺🇸 US: 62
Quote I’m reflecting on this week:
““My prescription for misery is to learn everything you possibly can from your own personal experience, minimizing what you learn vicariously from the good and bad experiences of others.” - Charlie Munger
Honorable mention:
"Just as there are odors that dogs can smell and we cannot, as well as sounds that dogs can hear and we cannot, so too there are wavelengths of light we cannot see and flavors we cannot taste. Why then, given our brains wired the way they are, does the remark, "Perhaps there are thoughts we cannot think," surprise you?" - Richard Hamming
Book recommendation of the week:
ReWork: Change the way you Work Forever - Jason Fried, David Hansson
Start-up of the week:
Uniti - Swedish electric car maker which just launched its 3-seater electric car earlier for £15k. Credit: Sifted
Tweet of the week:
(Highly recommended you read the full thread below - paints quite a gloomy picture for the life insurance industry!)
There is a lot of debate going on about what negative interest rates mean for banks and how it’s bad, but (life) insurers are often forgotten. So here’s a thread about this because I think it's HUGE.Honorable mention:
Image of the week:
Honorable mention:
Question of the week:
Ask yourselves this:
“Would you rather lose your memory or would you rather that ALL your family and friends lose their memory while you retain yours?”
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