Compounding Capital
Founders of most investment firms built their firms and personal fortunes on the back of just 1-2 great insights early in their careers.

Many of those founders tend to put up mediocre returns for next 20-30 years and milk clients based on reputations built decades earlier. 1/3
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Bread Crumbs Research
A remarkable quote from Bernard Baruch. Great leaders always stay young, not by age but by spirit https://t.co/z1WQLtOwQq
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Bread Crumbs Research
A Conversation with Lee Ainslie, Founder and Managing Partner of Maverick Capital (May 2021)
https://t.co/3CeHRgTvWz
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Paras Chopra
Over time I’ve realised that nobody cares if you’re technically right.

They want you to be interesting, instead.
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Jim OShaughnessy
Two thoughts from Robinson Jeffers

"I believe that the universe is one being, all its parts are different expressions of the same energy..."

"That public men publish falsehoods Is nothing new...Be angry at the sun for setting If these things anger you."
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Special Situations 🌐 Research Newsletter (Jay)
The first ship to export Ukrainian grain since an agreement was reached for the safe transit of vessels may depart as soon as Monday, Haberturk TV reported, citing President Recep Tayyip Erdogan’s spokesman Ibrahim Kalin. $WEAT
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Special Situations 🌐 Research Newsletter (Jay)
About 6 out of 10 workers are concerned about paying bills, according to bbg, as inflation takes its toll on the average consumer.
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Special Situations 🌐 Research Newsletter (Jay)
Not all dividend stocks are the same... may spend some time on this during Spaces at 6pm ET today:
$AAPL $MSFT $COST $PG $KO $ABBV $O $MO $SBUX $HD https://t.co/CGqpPaxZdx
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Paul Graham
If you want to appeal to Hacker News readers, tell them how something complicated works. Especially if most people either don't know, or are mistaken about, how it works.
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Paul Graham
A company asked why it was so hard to hire a good writer. I told them it was because good writing is an illusion: what people call good writing is actually good thinking, and of course good thinkers are rare.
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Special Situations 🌐 Research Newsletter (Jay)
1/ SWISS NATIONAL BANK REPORTED A FIRST-HALF LOSS OF $100 BILLION (97.4BN CHF). COMPARES TO +44.5BN IN 2021

BIGGEST HALF YEAR AND QUARTERLY LOSS SINCE 1907

Central banks will see more losses, especially the SNB, as it sells assets and takes losses on foreign currency positions.
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Jerry Neumann
RT @fchollet: I've been asked about this a lot, so let me provide a quick FAQ.

Q: What's the nature of the issue?

A: Anyone who has bought my book from Amazon in the past few month hasn't bought a genuine copy, but a lower-quality counterfeit copy printed by various fraudulent sellers. https://t.co/VQ06AF0igs
For instance, if you go to the page of DLwP2 on Amazon, you see that it's being sold by a 3rd party seller named "Sacred Gamez".

If you click "buy", you won't get the actual book from Manning. You get a low-quality counterfeit printed by the fraudulent seller (from the book PDF) https://t.co/qAD2rg5a00 - François Chollet
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Paul Graham
I was surprised to learn that the Pope didn't move to the Vatican till 1377. I would have thought it happened earlier. From 313 to 1377 the Pope's Roman residence was the Lateran Palace.

https://t.co/JAM5y84lLf
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Alex Brogan
RT @SystemSunday: Highest ROI Transferrable Skills

• Critical Thinking: mental models
• Analytics: statistics, probability
• Strategy: game theory, systems
• Social Intelligence: psychology
• Comms: copywriting, storytelling, improv
• Sales: persuasion, negotiation

What else?
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Jitendra Chawla, CFA
Amazing answers and clarity of thought. No wonder he is one of the best (probably the best) business leaders in India today!

'Tension nahi lene ka, gyan nahi dene ka': Tata boss Chandra's life lesson to Ranveer Singh https://t.co/3kbfP0suET
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