What I wrote last week
What I like about Apple Fitness+
Business
An excellent write-up on the state of news outlets or local journalism in America. It’s astounding that half of the local news outlets are now owned by private equity, hedge funds or other investment firms
SoftBank’s plan to sell Arm to NVIDIA is hitting antitrust wall around the world
Brexit has major implications. Whether the net benefits are positive or not remains to be seen, but this new development doesn’t seem to benefit consumers: Mastercard is hiking fees
AirBnb conducted a new survey that said: One in five want their destination to be within driving distance of home. Not a very good sign for airlines
Apple published a document that outlines its imminent privacy policies
Some notable data from a letter from YouTube CEO
Over the last three years, we’ve paid more than $30 billion to creators, artists, and media companies.
YouTube Gaming had 100 billion hours of content in 2020
Our Music and Premium Subscriptions have been growing quickly, reaching more than 30 million paid Members in the third quarter of last year.
Source: YouTube
Technology
A glimpse into JPMorgan Chase’s $12 billion annual tech budget. There are quite some interesting features that the interviewee shared
CB Insights has a write-up on 40 companies that are working on autonomous vehicles
A long but great list of big ideas from ARK
What I found interesting
What does the night sky look like on Mars?
A French-Vietnamese woman is fighting for justice for victims of war crimes. It’s crazy that US and Korean veterans received compensations from chemical companies because their products which were used in the Vietnam War had life-altering effects. Yet, Vietnamese victims have not received any.
What I find is that it is often these kinds of multiple small mispriced insights that overtime compound to form a business which is very defensible and very difficult to replicate. The discovery of those multiple small insights really requires a bottom-up organic idiosyncratic investment process.
Source: Interview with Mark Walker from Tollymore Investment Partners
Minh Quang Duong 