In a final address, @JusticeATR Makan Delrahim says some of the changes recommended by House Judiciary are "quite sensible." DOJ needs more funding for antitrust, and he backs higher filing fees for mergers.

Charlie Munger on Delayed Gratification:

I've also got the money-sense gene. The first 13 years I practiced law, my income from practicing law was $300,000 total.

At the end of that 13 years, what did I have?

1/

A house. Two cars. And $300,000 of liquid assets. Everyone else'd have spent that slender income, not invested it shrewdly, and so forth.

I just think it was, to me, it was as natural as breathing, and of course I knew how compound interest worked!

2/

I knew when I saved $10 I was really saving $100 or $1,000 ,because of the future growth of the $10.

It just took a little wait. And when I quit law practice it was because I wanted to work for myself instead of my clients, because I knew I could do better than they did.

3/

You only get a few opportunities, and you have to grab them aggressively when they come because even in the most favored life, they're really rare.

I always feel that the opportunities are rare. I only get a few and then I have to seize them aggressively.

4/

Now that lesson I just talked about, it is taught in no business school I know of. But…everybody who has any sense ought to know [that] at the start of life, and practically nobody does.

I just described reality the way it really is.

5/

I couldn’t tweet a better description than the headline for this piece: After SolarWinds breach, lawmakers ask NSA for help in cracking Juniper cold case.

For those who haven’t heard this story, the context here is back in 2015 hackers broke into the source code repository of Juniper’s NetScreen firewalls and introduced serious vulnerabilities. 1/

Everyone has heard of the SolarWinds supply chain attack, but almost nobody outside our little community remembers Juniper. We don’t even know who the ultimate victim was. And there’s a reason for that. 2/

The reason is simple: following the Juniper hack, the FBI and Juniper put a tight lid on everything. Nobody, including members of Congress, were able to get straight answers about who did it or what the target was. So it vanished from our collective memory. 3/

This has real consequences. To some extent our lack of preparedness for SolarWinds is a direct result of our government’s decision to pretend that the previous major supply-chain attacks didn’t happen. 4/