Dear followers, the time has come again for our weekly link collection. This time featuring an enlightening article on management compensation, how Charlie Munger picks stocks, seven patterns of inefficiency when pricing a business, some thoughts from the Brooklyn Investor and an ‘Economist’ comment on John Nash’s nobel price 1994, in remembrance of his great life that ended three days ago.

• http://www.inc.com/magazine/19971001/1336.htm, an article about the CEO Bob Kierlin of Fastenal and the true meaning of cheapness (price-worthiness).
• How Charlie Munger thinks about stockpicking: http://www.grahamanddoddsville.net/wordpress/Files/Gurus/Charlie%20Munger/Charlie%20Munger%20_%20Art%20of%20Stock%20Picking.pdf
• https://fundooprofessor.wordpress.com/2015/05/17/seven-patterns/, seven patterns of inefficiency when pricing a business.
• http://brooklyninvestor.blogspot.de/2015/05/the-missing-manual-berkshire-hathaway.html, various interesting thoughts by the Brooklyn Investor.
• http://www.economist.com/blogs/freeexchange/2015/05/archives, as you might know, John Nash won the prize for his leaps in game theory together with John Harsanyi and Reinhard Selten, who taught at my alma mater, the University of Bonn. Their efforts have justly been recognized.

We will be back shortly with our latest investment story. Stay tuned and enjoy your week!