Daniel Bakalarz
@danielbakalarz
Investor at https://unisonam.com
unisonam.comDaniel Bakalarz
A Taxonomy of Moats
"How much value accrues to the innovator depends partly on competitors. There are many different ways of deterring competition, moats, but they have at their root only a few different principles." https://t.co/2lRGuPSDJb
Since we’re a social species, it is intelligent for us to convince ourselves of irrational beliefs if holding those beliefs increases our status and well-being. Dan Kahan calls this behavior “identity-protective cognition” (IPC).
Gurwinder • Why Smart People Hold Stupid Beliefs
4/ Even weirder, if you compare a mammal's metabolic rate with its body mass - and plot them on a log scale - you get a straight line.
This means if you know the mass of a certain type of mammal, you can estimate its metabolic rate. https://t.co/r9nxFXTgHd
2023: $30,000 to get a simple iPhone app created, $300 for a plumbing job.
i wonder what those relative prices will look like in 2028!
the likely coming divergence between changes to cognitive work and changes to physical work could be quite dramatic.
Sam Altmantwitter.com
François Rochon, founder of Giverny Capital, has achieved a 30-year 15.7% CAGR.
His annual letters are a must read for any LT quality investor.
I compiled them all in one PDF (+350 pgs). You can download it from the link below!
🔗https://t.co/RF7kqrU1sz... See more
The right analytics: Why are some companies more profitable than others? A company’s performance has two sources: If a company has a COMPETITIVE ADVANTAGE, it can sustain higher relative prices and/or lower relative costs than its rivals in an industry.