“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time – none, zero.”
– Charlie Munger
Companies
Poundland back home for shop 600
“Oh yes, absolutely. We still want to reach 1,000 stores.”
Related
Neither super nor bazaar: the new era of ‘all 100’ knows Toblerone
“The aim of Dealz in July 2014… was to have a dozen points in two years, and the challenge has resulted in half the time.”
Uber’s Phantom Cabs
“I know this seems a misleading to you but it is meant as more of a visual effect more than an accurate location of drivers in the area.”
Rolls-Royce shares rise as activist stake fuels turnaround talk
“U.S. fund ValueAct wants Rolls-Royce to speed up cost-cuts in its aero engines unit and could in future push for it to divest its non-aero-engine businesses”
Market
California Has a Plan to End the Auto Industry as We Know It
“The conventional internal combustion engine needs to be off the road by 2050…”
Venezuela Seizes Nestle, Polar Warehouse to Build Housing
Investing
10 Quick Topics to Brighten Your Summer
“1. America has some of the best demographics in the world.”
Lessons from Buffett’s Decision not to Sell Coke: “I talked when I should have walked”
The 10 Richest People of All Time
“A comparison of wealth across history.”
20 People You Don’t Want to Invest With
“20. People that tell you what you want to hear instead of what you need to hear.”
Self cleaning
“Self-cleaning systems don’t careen until they hit a crisis point, because they’re designed from the start to be in sync, the process itself avoids the crisis.”
Long reads
Hitchhiking Robot’s US Tour Ended By Vandals
“HitchBOT, which had managed to travel across Canada and Europe on its own, was irreparably damaged on the road in Philadelphia.”
Scientists have synthesized a new compound that ‘mimics’ exercise. Could a workout pill be far behind?
Compound 14
The guys behind MegaBots say their giant fighting robot will pioneer an entirely new, worldwide sport
MechWarriors.
“That’s the whole thing about MegaBots—it’s real—these robots actually exist. They’re not CGI, they’re not special effects, they’re real robots, fighting each other.”
Graph of the week
Eurozone PMI Survey Shows Collapse in Greek Manufacturing Output
Dustin's Blog 