Learning on 24 May 2018
On Risk Management “My investment process usually starts and stops with 2 questions. What is my probability of being right? What is the consequence of being wrong?”
On Risk Management “My investment process usually starts and stops with 2 questions. What is my probability of being right? What is the consequence of being wrong?”
These are the notes from Adam Blum, direct download link at https://drive.google.com/file/d/1dPZt_UYnuyRbKbAiHxsJ8alMUpv_0AbF/view Here are some things that popped up in my mind: “Being the low-cost producer is a terribly important moat. Technology doesn’t always translate to the lowest cost. The technology at Geico has not brought down the cost, but its position among big companies is…
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