I did the crazy laugh today…
the unintentional bark laugh…
at the dispensary, talking with a woman I’d just met.
The room went silent, bro. 👏👏🤣 omgg
So let me get this straight: the goal of Trump’s war with Iran is to end up back in the Obama nuclear deal he pulled out of, and to “reopen” the Strait of Hormuz, which was open before the conflict began. That’s the strategy?
Don’t borrow judgement.
The reason why we spend hundreds of hours analyzing a business is to thoroughly understand it.
The purpose of the research is to build confidence in our assumptions.
The valuation then dictates what the return those assumptions will yield.
We are open to contradictory opinions, but we don’t blindly follow anyone—we only follow our research and our judgement.
It doesn’t make sense to go through this whole process to just “borrow” someone else’s "judgement.”