Whitney Tilson‘s email discussing him going off to Kenya this morning; Winners Take All: The Elite Charade of Changing the World; my investing courses are now available on video. Presented without comment
My family and I are off to Kenya this morning (on the new nonstop flight to Nairobi!) to spend the holidays with my parents and sister, who live there (they’re in the field of international education and maternal health, respectively). We’re first going to the Samburu Intrepids safari camp, then a couple of days at my parents’ home outside Nairobi, then down to their beach house on the coastal paradise of Lamu Island. I wish you and your family the happiest of holidays!
Q3 hedge fund letters, conference, scoops etc
I just finished Winners Take All: The Elite Charade of Changing the World, which I think should be required reading for everyone (like me) who is philanthropic and is trying to make a difference in the world. It’s a scathing critique so it makes for some uncomfortable reading, but I think one of the best ways to become better at something is if a smart person evaluates what you’re doing and gives you super frank feedback on what you could do better. Below is the NYT’s book review. Excerpt:
First came the books describing just how much worse economic inequality had become over the past 20 years, with all the dramatic political implications now impossible to ignore. Then there were the tomes about globalization (including my own, I admit), detailing the West’s unfettered pursuit of neoliberal policies that abetted all this unfairness.
Well, prepare for a new genre: books gently and politely skewering the corporate titans who claim to be solving such problems. It’s an elite that, rather than pushing for systemic change, only reinforces our lopsided economic reality — all while hobnobbing on the conference circuit and trafficking in platitudes.
PS–I’m delighted to report that for the first time (and only for a limited time), we are making videos available online of all three of the programs that we’ve developed over the past year: our Lessons from the Trenches: Value Investing Bootcamp and two seminars on How to Launch and Build an Investment Fund and an Advanced Seminar on Short Selling.
Our programs, rooted in our combined half century of experience in the investment business, are designed not only for professionals but also avid amateurs who simply want to become better investors. In them, we share everything we’ve learned about investing (both long and short), launching and building multiple hedge funds and mutual funds, answer all questions, and invite veteran investors as guest speakers to share their wisdom. Our goal is to help others stand on our shoulders and achieve even greater success. It’s equal doses of learning, self-improvement and fun!
Click here for details. If you’re under age 30 or a student, there’s a big discount.
Use VW10 for a big discount
Meet the ‘Change Agents’ Who Are Enabling Inequality
Inside view at the World Economic Forum in Davos, Switzerland, last year.
By Joseph E. Stiglitz
WINNERS TAKE ALL – The Elite Charade of Changing the World
By Anand Giridharadas
288 pp. Alfred A. Knopf. $26.95.
First came the books describing just how much worse economic inequality had become over the past 20 years, with all the dramatic political implications now impossible to ignore. Then there were the tomes about globalization (including my own, I admit), detailing the West’s unfettered pursuit of neoliberal policies that abetted all this unfairness.
Read the full article here by the New York Times
