Great news. 8yo got a fleece for Xmas that’s a little on the big side. During argument about wearing it, through tears, he yelled at me “BAGGY IS NOT MY STYLE!” Cc @BagholderQuotes
Why do I personally focus most (not all) of my time on long duration investing? I find it less competitive bc of the barriers to entry on the behavioral/capital side. I find it fits my personality much better. It also has many proven examples of success over long periods of time
In 1964 Ringo Starr snapped a photo of high school students who skipped class to see the Beatles during their first trip to the US. The group had no idea the photo existed until Ringo published his book of photos. Nearly 50 years later, the group reunited and recreated the photo.
These two books should be required reading in high school
There is so much about the world that needs fixing, and those issues get their due attention
But there are so many REMARKABLE improvements in the quality of human life, too
The optimist framing is invaluable
"McDonnell Douglas became an assembler of sub-systems. RONA increased to about 60%. Although "profitable" by one definition, once the company had sold the DC10 there was no ongoing cash flow sufficient to do a DC11." Clayton M. Christensen https://t.co/UaqE5t1iXS