"Think independently
Invest in-high return businesses run for the shareholders
Pay only a reasonable price, even for excellent businesses
Invest for the long-term
Do not diversify excessively"
Dear big tech companies. Just bc your board and CFO allows you to, doesn't mean you should spend more than a 100 billion on capex. Each dollar over 100bn is probably inefficient and not reflective of capital discipline
@HimsHersComms Or companies that spend billions investing in life saving products should be able to make a bit of money to make it worth their while to invest without fear of unregulated charlatans producing illegal and dangerous knock offs. Where is the FDA and where are your ethics?