underscored

@underscored

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The difference between a wise decision and a foolish one is often not apparent until years later. What matters is having a systematic way to think about decisions, not the outcome of any single one.

Charlie Munger, Berkshire Hathaway Annual Shareholder Meeting (2007)
1w ago

The investor of today does not profit from yesterday's growth. It is the always-uncertain future growth upon which the investor must capitalize, and it is those who will profit who must pay the delicate task of correctly appraising such uncertain future.

2w ago

But it is hard to find much sign that it is doing so. And Gillian Tett: [I]nvestors need to get better at imagining — and pricing — once-unimaginable disasters. This is hard. No business school teaches students how to model something like a presidential threat to wipe out a civilisation.

2w ago

This wasn't just a podcast about Apple, but about how tech has changed over the last fifty years, and why AI makes even the most reliable narrators of history increasingly uncertain about the future.

3w ago
asteriskmag.com
Merchants of Certainty

We can't predict the full impact of climate change. Why did the climate movement stop pushing the world to accept this fact and start trying to deny it?

1mo ago

Underscored — save the words that stop you in your tracks.

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