“You can fool people some of the time but not forever; when you get old you’ll get the reputation you deserve” – Warren Buffett
“Speculation dies in bear markets. Utility doesn’t.” – @ShieldedMonk on X
Business with actual substance will win in the long-run (e.g., see Warren Buffett).
And the same principle holds for individuals.
Next:
Related:
- 1-2.0 It is better to be roughly right than precisely wrong
- 2-1b2 Play in different time horizon. That is, in the long-run.
- 3-1a0 Use categories, but don’t be categorized
- 3-1a4b2 Price can only convey so much
- 3-1a4b2b What is smart at one price is dumb at another
- 5-1b4a Amara’s law - we expect too much in the short-run, but too little in the long-run
- 5-2a Check your growth rate of expectations vs circumstances. The former is hard to measure. But remember - you get what you measure.
- 8-1b3f1 You can value tokens using traditional financial metrics (e.g., PE ratio) by studying the cash flows and burn rates of blockchain networks
- 10-2g3d1 Humans do stupid things because we can guess and create meanings. Our ability comes with a great cost of potentially doing very (infinitely) stupid things.