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In July 1961, Warren wrote his partners that the partnership had invested in a nameless company that might prove to be “a deterrent to short-range performance, but it gives strong promise of superior results over a several-year period.”6 He named Dempster, which the partnership now controlled, and wrote a little sermon about it in his January 1962 letter.7 The “deterrent to short-range performance” part would prove more prescient than he expected.
The Snowball
Alice Schroeder
If someone is trying to convince you it’s not a pyramid scheme it’s a pyramid scheme.
Excellent Advice for Living
Kevin Kelly
Kevin is a rare double threat as an investor: he is excellent at investing in both early-stage tech (Series Seed or A) and publicly-traded stocks. Most who are good at one are terrible at the other. When I ask him about either, he often asks me variants of the following questions: “Do you understand it?” “Do you think they’ll be dominant and growing 3 years from now?” “Do you think this technology will be more or less a part of our lives in 3 years?”
Tools of Titans
Timothy Ferriss
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