@afewpucksshort@xAviation Since on modern engines 80-90 of its thrust comes from the bypass, most thrust is indeed deflected and “reversed”. These modern reversers are still called thrust reversers and not “bypass reversers”. With the clam shell you could indeed reverse and aircraft off the bay though 😉
@EmmanuelSimond@xAviation@grok Since on modern engines 80-90 of its thrust comes from the bypass, most thrust is indeed deflected and “reversed”. These modern reversers are still called thrust reversers and not “bypass reversers”.
@DJSnM Accused you of being a rookie pilot…. Like that’s even a thing…. In anything….. we’re always a rookie until we stop doing what we’re doing…. We’re never perfect. Once you stop learning you’re not a pro, you gave up, or got so full of yourself that you can’t learn anymore
Warren Buffett: "If we can't make a decision in five minutes, we can't make it in five months."
In a Q&A, a shareholder from Munich, Germany asks Buffett a specific question: how large is the universe of companies whose intrinsic value he carries in his head — the ones he could act on within a day or two if the market offered an attractive price?
Buffett doesn't give a number. He reframes the question entirely.
Speed, he explains, doesn't come from knowing more. It comes from refusing to think about most things at all.
"Our immediate decision is whether we can figure out what's being offered to us or not. I mean, there's a go no-go signal."
That signal fires almost immediately:
"Charlie and I are often thought to be rude when we think we're just being polite and not wasting the other person's time. So, as they start mid-sentence in their first conversation with us, we just say, 'Forget it.'"
He continues:
"We know very, very, very early in the conversation whether somebody's talking about something that there's any chance is actionable by us, and we don't worry about the ones we miss."
The filter isn't about the quality of the opportunity. It's about whether Buffett is equipped to judge it:
"We want to make sure that we don't waste any time thinking about things that, when we got all through thinking about them, we're not going to know enough to make the decision on. So we just rule those out, and that rules a lot of things out."
What survives that filter gets decided on immediately:
"So we make decisions—we can make a decision in five minutes very easily. I mean, it just is not that complicated."
Then comes the line that explains the whole system:
"If we can't make a decision in five minutes, we can't make it in five months. You know, there's—we're not going to learn enough in the following five months to make up for the fact that we went in deficient in the first place."
Deliberation doesn't fix a knowledge deficit. If you weren't already competent to judge the thing, five months of study won't close the gap — it will only manufacture the confidence to act badly.
So when the input arrives — a phone call about a business for sale, or a price in a newspaper, a magazine, an annual report, a 10-K — the only thing Buffett is looking for is a "significant differential between price and value." If it's there, "we move right then."
"And Charlie and I don't need to talk to each other about it; I mean, we both think the same way and we have generally similar spheres of knowledge."
Charlie Munger then names the mechanism directly:
"The answer to your question is we can make a lot of decisions about a lot of things very fast and very easily, and we're unusual in that respect. And the reason we're able to do that is there's such an enormous other lot of things that we won't allow ourselves to think about at all. It's just that simple."
He gives his own example:
"I have a little phrase when people make pitches to me, and about halfway through the first sentence I say, 'We don't do startups; they don't exist.' Well, if you blot out startups, there's a whole layer of complexity that goes out of your life."
And he confirms this is a system, not a one-off:
"And we've got other little 'blotter out' systems, and using those we finally find out that what remains is still a pretty large territory that we can handle."
Buffett closes with the part most people get backwards:
"We waste—I would say we waste a lot of time, but we waste it on things we want to waste our time on. And then we're very selective about that, and then we're good at it."
The five-minute decision is not actually made in five minutes.
Source: 2008 Berkshire Hathaway Annual Meeting
@_fluxfeeds In bushfires, whole cars and engine blocks melt, water tanks boil. In a real bush fire, you can take that “shelter”, roll it into a bat and try to club yourself to death because that’s all it’ll be good for.
The #A350-1000ULR is just back from its longest flight ever from Melbourne 🇦🇺 to Toulouse 🇫🇷! That’s a 12,460NM (23,075.92 km) hop 🦘 in 24 hours 24 minutes!
And for the crew, that meant flying from winter to summer, crossing 2 oceans, 3 continents, and seeing 2 sunrises + 2 sunsets... all in a single flight!
Watch some highlights in the video below and learn more about the full journey here: https://t.co/GLWOdtlaMg
@SciGuySpace You’d want the same cooling as in HP turbines, no ablation. Someone needs to invent some revolutionary cooling layer so the plasma can’t hit the ship directly.