@Pool2Paulie Druck is the goat of still making money even when his long term personal opinions differ lol
@Pool2Paulie Druck is the goat of still making money even when his long term personal opinions differ lol
For businesses without Warren Buffett’s “moat” protecting them, a new model existed: “capital as a moat.” Can’t beat them? Drown them in cash.
Reeves Wiedeman • Billion Dollar Loser: The Epic Rise and Spectacular Fall of Adam Neumann and WeWork
sari and added
Live by the medium, die by the medium. It’s not a ponzi. It’s that when everything is a measurable market, you see how fast people can move on. And that is a very different environment to get used to.
Reggie James • It's Not A Ponzi
sari added
Another example: Ben Thompson, creator of the Stratechery newsletter
Anthony Pompliano • Writing for Leverage, Teenage Billionaires, The Problem with Mainstream Media, and More - David Perell on Off the Chain, Hosted By Anthony Pompliano • Podcast Notes
sari added
Malone, the example of a non-scrub, is almost flawless — someone who understood how business works and played it the right way, not the way it should be. As a result of the 'monopoly' in cash flows, where operators did not have to worry about competition, he was among the first to use EBITDA as a financial metric. Malone stubbornly refused to upgra... See more
Cedric Chin • Are You Playing to Play, or Playing to Win?
Mo Shafieeha added