Dale Latimer

Married. Heavy Metal.

[R @AlphaWizarDD]

They ask Warren Buffett in an interview:

"What is true wealth"?

Warren Buffet: "True wealth is not having the biggest house or the most expensive car.

It is having enough money to live comfortably while being free to choose how you spend your time, who you work with, and the life you want to live.

In the end, time and freedom are the greatest forms of wealth".

(Charlie Rose, 2009)

[Lumen @lumenxbt]

Ten million people have watched an MIT professor accidentally destroy the executive coaching industry.

He filmed the lecture once in January 2018 and died eighteen months later.

Executive coaches charge fifteen thousand dollars a session to teach a third of what he covered in one hour for free.

His name was Patrick Winston. He ran the MIT Artificial Intelligence Laboratory from 1972 to 1997 and wrote the AI textbook every computer science major in the world read for thirty years.

Every January for four decades, he gave a lecture called "How to Speak."

His entire framework fits on a napkin.

Do not read. Be in the image. Keep images simple. Eliminate clutter. Start with an empathetic connection. End with a punch line the audience can repeat over dinner. Never open with a joke. Never end with "thank you."

That last rule alone has probably cost the executive coaching industry a hundred million dollars.

"Your success in life will be determined largely by your ability to speak, your ability to write, and the quality of your ideas. In that order."

That is the actual opening line of the lecture. Winston believed it strongly enough to spend fifty years teaching computer scientists how to talk.

Founders spend $80,000 on an MBA and then hire a communications coach to teach them the same material Winston filmed once for free. Engineers write brilliant code and lose promotions to teammates who watched this lecture on the train.

The lecture is free on MIT OpenCourseWare. The textbook is free on his page.

Winston died in 2019. Almost none of the ten million viewers have actually implemented the four rules on the napkin.

The napkin is free. The willingness to actually use it in your next meeting is the entire edge.

[katsu @katsuxbt]

Sylvester Stallone says the night he was nominated for an Oscar is one of the saddest days of his life

Sly: “A year before, I was destitute. I had nothing, I was broke. And it came out, and a miracle happened, and I’m with some of the best films in Hollywood. I’m like, God, I’m in the same category as Best Picture. These are great writers, great people. And they gave me a front-row seat.”

“And I invited my mother. I told her I’m up for an Oscar, I was a bum a year ago. She goes, ‘All right, but you have to invite Vivian.’ I go, ‘Who’s Vivian?’ She goes, ‘My hairdresser.’ I go, ‘I don’t have a seat for your hairdresser. It’s you and me, front row.’ She goes, ‘If you don’t invite Vivian, I’m not coming.’ I go, ‘You haven’t seen Vivian in ten years, she lives in Washington DC.’ She says, ‘I want to see Vivian with me, and then I’ll go.’”

“Well… she didn’t go. So I went alone.”

“So when people go, ‘Ah, you must’ve loved the Oscars’, well not really.”

Sistine: “In your entire acting career, I’m not even going to say Rocky, did they ever acknowledge how proud they were of you?”

Sly: “No, not even once.”

[Rassie Erasmus @RassieRugby]

So use to the old “guard” giving out !!! It really feel like its changing! This is just a thank you to you all 🇿🇦💙

[Orion @0xOrionVega]

In July 1999, Warren Buffett stood in front of 200 tech billionaires at the Sun Valley conference and told them their industry was in a bubble that would collapse.

He gave a 60-minute presentation with charts. He said the entire tech sector could not deliver the returns its valuations required. The billionaires laughed at him. Eight months later, Nasdaq peaked. Over the next two years, $5 trillion in tech market cap evaporated. Buffett had not owned a single stock in the room that day.

In July 2001, six months after the crash bottomed, Buffett gave a follow-up lecture at the University of Georgia. He was 70 years old. He did not gloat. He explained, patiently, in language a first-year MBA could follow, exactly why he had refused to buy the stocks that had just cost the market $5 trillion.

His argument fits in three words. Circle of competence. You buy what you understand. You do not buy what you do not understand. It does not matter how much money everyone else is making. It does not matter that you look outdated. If you cannot explain in plain English what a business does and how it makes money in ten years, you do not buy it.

He was asked whether he regretted missing Microsoft. He said no. He said Bill Gates was a friend but he could not tell you in 2001 what Microsoft would look like in 2011. He could tell you what Coca-Cola would look like in 2011. He owned Coca-Cola.

The lecture is not really about tech stocks. It is about a specific philosophy of decision-making. Do not act outside what you can predict. The people who followed this rule in 1999 looked old-fashioned in 2000. They looked brilliant in 2001. They looked like millionaires in 2011.

"Rule number one: never lose money. Rule number two: don't forget rule number one."

Buffett does not try to catch every wave. He tries to survive every crash. His method has not changed in 60 years. His return record is not built on being clever. It is built on refusing to guess.

He was 70 when he gave this lecture. He is 95 now. He still runs Berkshire Hathaway. He still buys businesses he can explain in one sentence. If you had invested $10,000 with him in 1965, it would be worth over $500 million today.

The lesson: staying in your circle looks boring. It is boring. Boring is what a $500 million account looks like from the outside.

The lecture is free. The circle is yours to draw. Almost nobody draws it small enough.

[Zeus @ZeusRebirth]

Stallone says 'what doesn't kill you' is a lie, Arnold fires back that it killed his brother, then credits his brutal childhood for making him leave Austria

Stallone: “I can't just blame it on them, cuz when I go back and I look at my mother's upbringing, orphanages and this and that, they were angry. And they just thought, 'That's the way I'm going to pass it on. You're not going to be happy if I'm not happy.'”

Arnold: “My brother Meinhard, he died. He died because his reaction was to become an alcoholic himself. One day driving with a car and then hitting a telegraph post. And just smashed into it and got killed.”

Arnold: “And on top of it, I said to myself, 'If I would have grown up like some people do with all the love in the world, I would have never left home. I would have stayed in Austria.'”

Stallone: “You escaped in bodybuilding. I escaped the theater cuz I wasn't too happy with the reality. So I said, 'This is my world cuz I don't like this one.' I think that we were going to do it no matter what. It just would have been nice with a little bit more encouragement. That's all.”

Hearing Arnold talk about his brother completely changes the tone of the conversation. I wasn't expecting it to get that personal.

Which part of this conversation stood out to you the most?

[Ronit Pereira @CAronitpereira]

“In the army, my senior officers could tell that I thought they were wrong. And I tried to hide it but they still could tell.” 😂

“But it worked out all right as I did my work well enough so they didn’t bother me. But it was not a milieu where I was going to succeed.”

- Charlie Munger

[Ronit Pereira @CAronitpereira]

“The magnificent seven are playing a game of spending where they don’t want to play but they don’t have a choice.”

“IBM would’ve loved doing what they did in 1950s but they either have to have happy customers or no customers overtime.”

“Wall Street can be dumb but the customer is not dumb.”

- Warren Buffett. July 2026

[Shevaxgod @shevaxgod]

a US soldier made $400,000 betting on a military raid he knew about in advance. warren buffett's answer to this market is a $397 billion pile of cash.

buffett is 95 and this week he said the quiet part with a straight face: "it's tough to find values when everybody is preferring gambling." then the line that explains the business model of modern wall street:

"since humans love to gamble so much, there's more money in actually cultivating gamblers than there are cultivating investors."

he has called the market a church with a casino attached for decades. the casino is now the main building. one day options, which he calls gambling "just totally." prediction markets deep enough that the DOJ charged a soldier for betting $400K on the maduro raid before it happened. by his own count, in 60 years of investing only five offered real bargains. so berkshire sits on $397B and waits.

that is why the bet in the post below aged so well. in 2008 the fight was investors against expensive investors, and costs decided it. in 2026 the fight is investors against gamblers, and the house has stopped pretending: cultivating gamblers pays better.

the casino looks like it is winning every single day. the church keeps the compounding. boredom is still the most underpriced asset on wall street.

[Dale Latimer @dale_latimer]

@Telegraph Bourgeois blues

[The Sopranos Guy™ @uncle_june]

"Hey Ton', it's me. Just spoke to our mutual friend Infantino. It's in the bag. Go ahead an put another 20k on Portugal to beat Spain."

[Kevin Carpenter @kejca]

Warren Buffett: "My old boss Ben Graham told me very early on that you can get in more trouble with a good idea than a bad idea."

"The good idea works and works and works — and, after a while, people forget that there were some other limiting conditions."

"A stock can be a good buy or a bad buy. A bond can be a good buy or a bad buy. It depends on price."

(CNBC || 2020)

[Kevin Carpenter @kejca]

Warren Buffett: "Because [people] can make decisions every second in stocks, they think an investment in stocks is different than an investment in a business or a farm or an apartment house — but it isn't."

"If you get your money's worth in terms of future earnings power over the next ten or twenty or thirty years, you're going to have made a good investment."

(CNBC || 2020)

[Nature is Amazing ☘️ @AMAZlNGNATURE]

Silverback gorilla Bobo and his tiny bush baby friend

Bobo, a dominant silverback gorilla in Cameroon, gently cradled a wild bush baby for nearly two hours before carefully placing it back in one of the trees inside his enclosure

[Mike Martin MP 🔸 @ThreshedThought]

Looks like we are (finally!) going to get the Defence Investment Plan tomorrow.

A short 🧵 on what we know

[Brian Moore @brianmoore666]

More about The Second Half

[Francisco Ribeiro @fraveris]

"I love nature because it is so honest. It never deceives me. It never jokes."

(Henry David Thoreau)