@pickover Thank for showing best way to understand 3.14159265358979323846 26433832795028841971 69399375105820974944 59230781640628620899 86280348253421170679…
Brand destruction from brand extension.
I owned Ferrari $race from 50 to 500. Been short ever since
Porsche went from “everyone wants one” to “what a hideous SUV”
I wouldn’t drive anything with Porsche or Ferrari
Destroyed brands they built over decades
Former Ferrari chairman Montezemolo tears the new electric Ferrari “Luce” apart:
“I cannot say what I really think: I would harm Ferrari. We risk the destruction of a legend. So sorry. Take the Prancing Horse off. At least the Chinese won’t copy this car”
@MercuriusFilius No bears, no woods and no cabins anywhere near North Pole. Typical clueless pirate equity question. Bear is not there just like pirate “outperformance” is mirage
@wtgowers Wonderful result for mathematics AND mathematicians. AI was developed from human math and ingenuity. If it solves some “unsolved” problem surely that is good not bad? New techniques have moved math along for thousands of years…
This similarity is a coincidence.
The Romance languages get their words for "eight" from Latin ‘octo’ and their words for "night" from Latin ‘noctem.’
‘Octo’ and ‘noctem’ do have that ‘-oct-’ bit in common, but it is just happenstance.
Charlie Munger explains Private Equity and Investment Bankers with an example of a dumb Horse 😂
“Man goes to a Vet complaining about his horse who gets vicious sometimes. The Vet replies: The next time horse behaves well…sell it.”
“That’s how private equity works.”
Stagnant Japanese market? @ft Japan is world’s deepest source of alpha. Never “stagnant”. Having owned 8766 and 8001 years before Warren ever heard of them. What does he see here? Trillions in investment opportunities
Last month’s move by Warren Buffett’s conglomerate to buy a 2.5% stake in Tokio Marine raised the question of what Berkshire saw in the stagnant Japanese market. Why is it expanding beyond trading houses? https://t.co/UUsA4qvq4U
3.00am business meetings are fine. I have one 3 hours from now.
But it MUST be last meeting of the day not first
Early risers = beta. Midnight oil burners = alpha
https://t.co/4DcEphjTEl