I just love Jason Zweig’s column in this morning’s edition of The Wall Street Journal. The fellow Buffett/Munger/Graham devotee explains how a simple story has saved him from getting sucked into expensive FOMO-initiated investment mistakes. It’s at the bottom of this mail.
- Zweig’s column, which celebrates a great physicist, won’t be popular among California’s bureaucrats now trying to change mathematics from “being purely objective.” Promoters of Social Justice ideology in California’s education system want to dismantle the teaching of “racist” mathematics, whose right or wrong answers promote “a white supremacy culture in the classroom.” The State’s decides this week whether to adopt the recommendations. Given what happens in California tends to spread through the rest of the USA and then the world, we need to pay attention. An Opinion piece on the matter in this morning’s WSJ attracted over 1 000 comments in a few hours. Click here.
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- Business Day’s lead story this morning focuses on a similarly bizarre matter from a leader in SA’s deeply corrupted ruling political party. It involves a spirited attack on SA executive remuneration yesterday by one of the few Zuma cabinet survivors, trade & industry minister Ebrahim Patel. The SACP stalwart used the platform of his budget vote to promote a proposed amendment to the Companies Act to force disclosure of what corporate executives earn, which he terms “a gross injustice.” Forgetting, perhaps, how useful this information will be to SA’s massive and unfettered criminal element. Here’s the link to the article.
- This newsletter is produced on my 27-inch Apple iMac, a standard item on my desk since Apple’s IIe transformed my life in the 1980s. If you also spend time behind a desktop and like investing in acquiring the best tools, you’ll be delighted to hear Apple has radically revamped the iMac. I’ll be waiting for the 27-inch to arrive in SA before upgrading. But after reading Joanna Stern’s review in today’s WSJ, if you’re OK with the 24-inch screen alternative, it’s time to place an order. Click here.
- I’ve finally found a service provider which enables the use of a Mac that works on coding internet radio. Within the next couple of days you’ll be able to get an ad-free stream of easy listening music, plus the BizNews Power Hour live at 5:30pm and replays at 7am and 7pm. Please bookmark the Biznewsradio.com link.
PS If your diary has an opening at noon, please join us for this week’s 12J webinar which focuses on the 12Cape Fund. Click here to register.
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