Happy Sunday! Welcome to the 28th edition of my weekly newsletter. Here are some of the articles and resources that caught my attention this week.
Reading
1. The Expensive Truth About Cheap Investments
“The key is developing the wisdom to know when cheap truly represents value and when it's worth paying more for something exceptional. This discernment—between price and value, between false economy and genuine opportunity—can transform not just your investment returns, but your entire approach to life”
“The fact is, a strong economy and market is a great thing. Something we should all be thankful for because it almost always leads to things like higher standards of living and GDP per capita. This said, like a pendulum, the behavior associated with a bull market can swing too far. As a result, those who benefit the most can wrongly attribute this success to skill rather than luck. In doing so, when markets eventually crack, like Dustin Johnson’s world ranking, a portfolio’s value can drop materially in a relatively short period of time.”
3. Open Source Business Models: Notes on Profiting from Free Software
“The strategic value of open source companies will continue to outpace the discount of future cash flows. Many open source companies are worth far more strategically than the value they’ll create from cash flows, because they’re such effective complements to a platform. See Databricks’ $1B+ acquisition of Tabular, for example.”
Few more :
The Top 100 Gen AI Consumer Apps
Watching
Larry Fink: From $100m loss to building BlackRock
Tools
“It’s easier to get to the top than to stay there. You can have the finest product in the world, but if you don’t go to sell it it’s worth nothing.”
- Estee Lauder