Jim OShaughnessy
Early markets are often the least efficient, and those that engage our imaginations can be wildly speculative, as everything is judged by the "Price-to-Magic" ratio.

A promoter in '99 told me the WORST thing that could happen to Yahoo was to have REAL earnings, because... https://t.co/H4QMYuHm5m
What kind of assets are more susceptible to market frenzies?

@JohnathanBi posits that the more an asset lacks a fundamental underlying, the more likely it is to be a subject of mimesis. https://t.co/71FJHyA2mn
- Infinite Loops 🎙
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Johnathan Bi
RT @InfiniteL88ps: What kind of assets are more susceptible to market frenzies?

@JohnathanBi posits that the more an asset lacks a fundamental underlying, the more likely it is to be a subject of mimesis. https://t.co/71FJHyA2mn
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Sidecar Partners
“Berkshire lengthens the reinvestment runway of its entire business by shifting capital from subsidiaries with short runways and/or low returns on capital to subsidiaries with long runways and healthy returns on capital”

@bill_esbenshade nails it re: Berkshire’s endurance. $BRK
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Paras Chopra
It’s been 8 months since I moved to Bangalore and the quality of people I come across here just keeps on impressing me.

It’s the network effect of talent in play.
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Ethan Mollick
This card trick has been analyzed in a peer-reviewed paper, and it tells us something interesting about how human attention can be manipulated.

To not ruin it, first watch the video to try the trick yourself… 1/2 https://t.co/DHsdYg8sRS
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Paras Chopra
RT @paraschopra: The reason startups with two co-founders have a higher success rate than a single founder is because two brains conversing keep each other's cognitive biases in check.
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Special Situations 🌐 Research Newsletter (Jay)
$AMZN Amazon Prime users in Europe are in for a shock as prices are set to jump by up to 43%, reflecting mounting pressure from Wall Street on new Chief Executive Andy Jassy to shore up profit as inflation rises and a downturn looms...
https://t.co/Vy9Wx8KiLJ
ICYMI: Amazon Prime users in Europe are in for a shock as prices are set to jump by up to 43%, reflecting mounting pressure from Wall Street on new Chief Executive Andy Jassy to shore up profit as inflation rises and a downturn looms https://t.co/ieGD9rURFR https://t.co/FHxRPQKjDu - Reuters
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Rihard Jarc
I sometimes wonder why we have so much rules protecting people from their own stupidity & laziness.

With it we are encouraging the wrong thing.
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Ethan Mollick
How online ratings help those who already are winning keep winning: high ratings for a product, service or shop attract more high ratings.

Anything with few reviews will have a lower average rating than it deserves. This makes it harder for newcomers to beak into the rankings. https://t.co/p7lETlGJc8
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Morning Brew ☕️
trying to figure out where the weekend went https://t.co/b3xA9tNfbw
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Meb Faber
Podcasts of the Week!

📉 @tracyalloway & @TheStalwart w/ @Jason on private markets https://t.co/5TkgZKOlKI

🏡 @Macro_Hive & @bilalhafeez123 w/ @Ivy_Zelman on the housing markets https://t.co/fbQDnNJRBZ

🛢️ @ErikSTownsend w/ @Go_Rozen on energy markets https://t.co/penevIkJI7
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