Venezuelas Crisis Nears Tipping Point The failure of socialism and interference in free exchange reaps a bitter harvest for the people.
Brazil facing rapid inflation.Brazil’s president has an approval rating of 8%
10 THINGS WE’RE READING & WATCHING:
2. Lei Zhang Lecture at Columbia (Hillhouse Capital) – MarketFolly
3. John Paulson on Gold – Reuters
4. Bill Ackman on CEOs – CNBC
5. Crossfit’s Business Model – Quartz
6. A Conversation with Peltz and Ackman – Jim Cramer (CNBC)
7. Viewing Stocks As Bonds
– Donald Yacktman
8. 60 of My Favorite Value Investing Resources – Jae Jun
9. Podcasts: The Innovator’s Dilemma
What Books We’re Reading:
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The End of the Central Bank Mal-Investment now comes deflation.