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Brady Long
Now that AI can make full games with literally 1-2 prompts I feel 99% of game creators will go out of business but the top 1% will be more valuable than ever.
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Now that AI can make full games with literally 1-2 prompts I feel 99% of game creators will go out of business but the top 1% will be more valuable than ever.
Something new is coming to Gambo ๐
Asset Management + Multi-Frame Generation (testing)
Built internally by a non-game-dev.
From scratch โ to a game at this level.
More to share soon. Stay tuned! https://t.co/ydo8qp99J7 tweet
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Dimitry Nakhla | Babylon Capitalยฎ
RT @kevg1412: Chris Hohn on why investing in the long term is a real advantage, and actually a "free lunch"
"They say there's no free lunch in finance, but actually, I do think long termism in a great company is a free lunch, because if you look at any sell side model, they'll go out three years, or two years.
Why? Because that's the time horizon of the typical buy side investor--one or two years. But what if it can keep being good for 30 years? Then you're completely undervaluing that company.
And people don't look at it because there are--most companies, 95%, are mediocre or bad companies."
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RT @kevg1412: Chris Hohn on why investing in the long term is a real advantage, and actually a "free lunch"
"They say there's no free lunch in finance, but actually, I do think long termism in a great company is a free lunch, because if you look at any sell side model, they'll go out three years, or two years.
Why? Because that's the time horizon of the typical buy side investor--one or two years. But what if it can keep being good for 30 years? Then you're completely undervaluing that company.
And people don't look at it because there are--most companies, 95%, are mediocre or bad companies."
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Dimitry Nakhla | Babylon Capitalยฎ
Thereโs a powerful investing lesson here โ and both Chris Hohn and Dev Kantesaria point to it.
As @kevg1412 quoted Hohn:
โThey say thereโs no free lunch in finance, but โฆ ๐ฅ๐จ๐ง๐ ๐ญ๐๐ซ๐ฆ๐ข๐ฌ๐ฆ ๐ข๐ง ๐ ๐ ๐ซ๐๐๐ญ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐ข๐ฌ ๐ ๐๐ซ๐๐ ๐ฅ๐ฎ๐ง๐๐ก โฆ ๐ข๐ ๐ฒ๐จ๐ฎ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐๐ง๐ฒ ๐ฌ๐๐ฅ๐ฅ ๐ฌ๐ข๐๐ ๐ฆ๐จ๐๐๐ฅ, ๐ญ๐ก๐๐ฒโ๐ฅ๐ฅ ๐ ๐จ ๐จ๐ฎ๐ญ ๐ญ๐ก๐ซ๐๐ ๐ฒ๐๐๐ซ๐ฌ, ๐จ๐ซ ๐ญ๐ฐ๐จ ๐ฒ๐๐๐ซ๐ฌ โฆ ๐๐๐๐๐ฎ๐ฌ๐ ๐ญ๐ก๐๐ญโ๐ฌ ๐ญ๐ก๐ ๐ญ๐ข๐ฆ๐ ๐ก๐จ๐ซ๐ข๐ณ๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐ญ๐ฒ๐ฉ๐ข๐๐๐ฅ ๐๐ฎ๐ฒ ๐ฌ๐ข๐๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซโ๐จ๐ง๐ ๐จ๐ซ ๐ญ๐ฐ๐จ ๐ฒ๐๐๐ซ๐ฌ. But what if it can keep being good for 30 years? Then youโre completely undervaluing that company.โ
In a similar light, on The Investorโs Podcast (TIP 680), Dev Kantesaria said:
โGetting worked up over whether a stock trades at 26 or 29 times earnings is far less important than making sure you own the right business... ๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐จ๐ฎ๐ ๐ก ๐จ๐ซ๐ ๐๐ง๐ข๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐ฉ๐ซ๐ข๐๐ข๐ง๐ ๐ฉ๐จ๐ฐ๐๐ซ ๐ญ๐จ ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐ข๐ง๐ญ๐ซ๐ข๐ง๐ฌ๐ข๐ ๐ฏ๐๐ฅ๐ฎ๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐ข๐-๐ญ๐จ-๐ก๐ข๐ ๐ก ๐ญ๐๐๐ง๐ฌ ๐๐จ๐ซ ๐ ๐ ๐๐๐๐ ๐, ๐ญ๐ก๐ ๐ฌ๐ญ๐จ๐๐ค ๐ข๐ฌ ๐๐๐ญ๐ฎ๐๐ฅ๐ฅ๐ฒ ๐ฆ๐ฎ๐๐ก ๐๐ก๐๐๐ฉ๐๐ซ ๐ญ๐จ๐๐๐ฒ ๐ญ๐ก๐๐ง ๐ข๐ญ ๐ฌ๐๐๐ฆ๐ฌ, regardless of the entry multiple.โ
When two of some of the worldโs best hedge fund investors of our generation are essentially making the same point, itโs not something to dismiss.
๐๐ฉ๐ฆ ๐ค๐ฐ๐ฎ๐ฎ๐ฐ๐ฏ ๐ต๐ฉ๐ณ๐ฆ๐ข๐ฅ ๐ช๐ด ๐ด๐ช๐ฎ๐ฑ๐ญ๐ฆ:
๐๐จ๐ฌ๐ญ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ (๐๐ง๐ ๐ฆ๐จ๐ฌ๐ญ ๐ฆ๐จ๐๐๐ฅ๐ฌ) ๐๐ซ๐๐ฌ๐ญ๐ข๐๐๐ฅ๐ฅ๐ฒ ๐ฎ๐ง๐๐๐ซ๐ฐ๐๐ข๐ ๐ก๐ญ ๐ญ๐ข๐ฆ๐ โ ๐๐ง๐ ๐ญ๐ก๐ ๐ฉ๐จ๐ฐ๐๐ซ ๐จ๐ ๐ฌ๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐๐ฌ ๐จ๐ฏ๐๐ซ ๐ญ๐ก๐๐ญ ๐ญ๐ข๐ฆ๐.
They obsess over near-term multiples, near-term catalysts, and short-term outcomesโฆ
โฆWhen the quiet advantage is owning businesses that can compound earnings and free cash flow over long stretches of time โ powered by pricing power and enduring competitive strengths.
๐๐ฏ๐ฅ ๐ฉ๐ฆ๐ณ๐ฆโ๐ด ๐ธ๐ฉ๐ข๐ต ๐ฎ๐ข๐ฌ๐ฆ๐ด ๐ต๐ฉ๐ช๐ด ๐ฆ๐ท๐ฆ๐ฏ ๐ฎ๐ฐ๐ณ๐ฆ ๐ช๐ฎ๐ฑ๐ฐ๐ณ๐ต๐ข๐ฏ๐ต ๐ต๐ฐ๐ฅ๐ข๐บ:
With infinite information, constant updates, and dopamine-driven markets, ๐๐๐ฅ๐๐ฒ๐๐ ๐ ๐ซ๐๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ฌ ๐ก๐๐ซ๐๐๐ซ ๐ญ๐ก๐๐ง ๐๐ฏ๐๐ซ โ ๐ฐ๐ก๐ข๐๐ก ๐ข๐ฌ ๐ฉ๐ซ๐๐๐ข๐ฌ๐๐ฅ๐ฒ ๐ฐ๐ก๐ฒ ๐ข๐ญ ๐ซ๐๐ฆ๐๐ข๐ง๐ฌ, ๐๐ฌ ๐๐จ๐ก๐ง ๐ข๐ง๐๐ข๐๐๐ญ๐๐ฌ, ๐จ๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ซ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ ๐๐ฌ ๐ ๐ฅ๐จ๐ง๐ -๐ญ๐๐ซ๐ฆ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ ๐๐๐ง ๐ก๐๐ฏ๐.
Most people canโt hold through boredom, drawdowns, or โdead moneyโ periodsโwhich is exactly why patient, long-term investors are still rewarded.
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Thereโs a powerful investing lesson here โ and both Chris Hohn and Dev Kantesaria point to it.
As @kevg1412 quoted Hohn:
โThey say thereโs no free lunch in finance, but โฆ ๐ฅ๐จ๐ง๐ ๐ญ๐๐ซ๐ฆ๐ข๐ฌ๐ฆ ๐ข๐ง ๐ ๐ ๐ซ๐๐๐ญ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐ข๐ฌ ๐ ๐๐ซ๐๐ ๐ฅ๐ฎ๐ง๐๐ก โฆ ๐ข๐ ๐ฒ๐จ๐ฎ ๐ฅ๐จ๐จ๐ค ๐๐ญ ๐๐ง๐ฒ ๐ฌ๐๐ฅ๐ฅ ๐ฌ๐ข๐๐ ๐ฆ๐จ๐๐๐ฅ, ๐ญ๐ก๐๐ฒโ๐ฅ๐ฅ ๐ ๐จ ๐จ๐ฎ๐ญ ๐ญ๐ก๐ซ๐๐ ๐ฒ๐๐๐ซ๐ฌ, ๐จ๐ซ ๐ญ๐ฐ๐จ ๐ฒ๐๐๐ซ๐ฌ โฆ ๐๐๐๐๐ฎ๐ฌ๐ ๐ญ๐ก๐๐ญโ๐ฌ ๐ญ๐ก๐ ๐ญ๐ข๐ฆ๐ ๐ก๐จ๐ซ๐ข๐ณ๐จ๐ง ๐จ๐ ๐ญ๐ก๐ ๐ญ๐ฒ๐ฉ๐ข๐๐๐ฅ ๐๐ฎ๐ฒ ๐ฌ๐ข๐๐ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซโ๐จ๐ง๐ ๐จ๐ซ ๐ญ๐ฐ๐จ ๐ฒ๐๐๐ซ๐ฌ. But what if it can keep being good for 30 years? Then youโre completely undervaluing that company.โ
In a similar light, on The Investorโs Podcast (TIP 680), Dev Kantesaria said:
โGetting worked up over whether a stock trades at 26 or 29 times earnings is far less important than making sure you own the right business... ๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐จ๐ฎ๐ ๐ก ๐จ๐ซ๐ ๐๐ง๐ข๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ง๐ ๐ฉ๐ซ๐ข๐๐ข๐ง๐ ๐ฉ๐จ๐ฐ๐๐ซ ๐ญ๐จ ๐๐จ๐ฆ๐ฉ๐จ๐ฎ๐ง๐ ๐ข๐ง๐ญ๐ซ๐ข๐ง๐ฌ๐ข๐ ๐ฏ๐๐ฅ๐ฎ๐ ๐ข๐ง ๐ญ๐ก๐ ๐ฆ๐ข๐-๐ญ๐จ-๐ก๐ข๐ ๐ก ๐ญ๐๐๐ง๐ฌ ๐๐จ๐ซ ๐ ๐ ๐๐๐๐ ๐, ๐ญ๐ก๐ ๐ฌ๐ญ๐จ๐๐ค ๐ข๐ฌ ๐๐๐ญ๐ฎ๐๐ฅ๐ฅ๐ฒ ๐ฆ๐ฎ๐๐ก ๐๐ก๐๐๐ฉ๐๐ซ ๐ญ๐จ๐๐๐ฒ ๐ญ๐ก๐๐ง ๐ข๐ญ ๐ฌ๐๐๐ฆ๐ฌ, regardless of the entry multiple.โ
When two of some of the worldโs best hedge fund investors of our generation are essentially making the same point, itโs not something to dismiss.
๐๐ฉ๐ฆ ๐ค๐ฐ๐ฎ๐ฎ๐ฐ๐ฏ ๐ต๐ฉ๐ณ๐ฆ๐ข๐ฅ ๐ช๐ด ๐ด๐ช๐ฎ๐ฑ๐ญ๐ฆ:
๐๐จ๐ฌ๐ญ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ (๐๐ง๐ ๐ฆ๐จ๐ฌ๐ญ ๐ฆ๐จ๐๐๐ฅ๐ฌ) ๐๐ซ๐๐ฌ๐ญ๐ข๐๐๐ฅ๐ฅ๐ฒ ๐ฎ๐ง๐๐๐ซ๐ฐ๐๐ข๐ ๐ก๐ญ ๐ญ๐ข๐ฆ๐ โ ๐๐ง๐ ๐ญ๐ก๐ ๐ฉ๐จ๐ฐ๐๐ซ ๐จ๐ ๐ฌ๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ฅ๐ ๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ฏ๐๐ง๐ญ๐๐ ๐๐ฌ ๐จ๐ฏ๐๐ซ ๐ญ๐ก๐๐ญ ๐ญ๐ข๐ฆ๐.
They obsess over near-term multiples, near-term catalysts, and short-term outcomesโฆ
โฆWhen the quiet advantage is owning businesses that can compound earnings and free cash flow over long stretches of time โ powered by pricing power and enduring competitive strengths.
๐๐ฏ๐ฅ ๐ฉ๐ฆ๐ณ๐ฆโ๐ด ๐ธ๐ฉ๐ข๐ต ๐ฎ๐ข๐ฌ๐ฆ๐ด ๐ต๐ฉ๐ช๐ด ๐ฆ๐ท๐ฆ๐ฏ ๐ฎ๐ฐ๐ณ๐ฆ ๐ช๐ฎ๐ฑ๐ฐ๐ณ๐ต๐ข๐ฏ๐ต ๐ต๐ฐ๐ฅ๐ข๐บ:
With infinite information, constant updates, and dopamine-driven markets, ๐๐๐ฅ๐๐ฒ๐๐ ๐ ๐ซ๐๐ญ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ฌ ๐ก๐๐ซ๐๐๐ซ ๐ญ๐ก๐๐ง ๐๐ฏ๐๐ซ โ ๐ฐ๐ก๐ข๐๐ก ๐ข๐ฌ ๐ฉ๐ซ๐๐๐ข๐ฌ๐๐ฅ๐ฒ ๐ฐ๐ก๐ฒ ๐ข๐ญ ๐ซ๐๐ฆ๐๐ข๐ง๐ฌ, ๐๐ฌ ๐๐จ๐ก๐ง ๐ข๐ง๐๐ข๐๐๐ญ๐๐ฌ, ๐จ๐ง๐ ๐จ๐ ๐ญ๐ก๐ ๐ ๐ซ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ ๐๐ฌ ๐ ๐ฅ๐จ๐ง๐ -๐ญ๐๐ซ๐ฆ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ ๐๐๐ง ๐ก๐๐ฏ๐.
Most people canโt hold through boredom, drawdowns, or โdead moneyโ periodsโwhich is exactly why patient, long-term investors are still rewarded.
Chris Hohn on why investing in the long term is a real advantage, and actually a "free lunch"
"They say there's no free lunch in finance, but actually, I do think long termism in a great company is a free lunch, because if you look at any sell side model, they'll go out three years, or two years.
Why? Because that's the time horizon of the typical buy side investor--one or two years. But what if it can keep being good for 30 years? Then you're completely undervaluing that company.
And people don't look at it because there are--most companies, 95%, are mediocre or bad companies." tweet
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Hidden Value Gems
There is value in the UK stock market.
"Beazley shares jumped to a record high on Monday after Zurich said it submitted a plan to buy the company for 12.80 pounds a shareโat a generous 56% premium based on Fridayโs closing price of 8.20 pounds."
$BEZ.L https://t.co/ZASyAlPqkJ
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There is value in the UK stock market.
"Beazley shares jumped to a record high on Monday after Zurich said it submitted a plan to buy the company for 12.80 pounds a shareโat a generous 56% premium based on Fridayโs closing price of 8.20 pounds."
$BEZ.L https://t.co/ZASyAlPqkJ
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