Fiction blurring with reality can cause a regime shift; an overvalued asset can be used to acquire cheaper assets and increase its own value. The fiction influences the reality. The overvalued asset wasn’t “worth” what it was trading for, but at the same time it also was!https://twitter.com/LAForeverHall/status/1263913713901252608 …
The implications in those documents are obvious. But, I don’t remember it. I also know the court decided that I had been brainwashed. I don’t know if this is true. It doesn’t feel true, but then it wouldn’t if I really was brainwashed. Reality & fiction are blurred.pic.twitter.com/OEjp7Xp2Ea
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As with investing, you don’t always know the truth. But I know what makes me feel better to believe, what helps me process. I don’t know if that belief is reality or fiction. But I know it has real benefits for me regardless of that divide. So how is that belief not reality?
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Teledyne is probably the best historic example of this in the investing sphere. The company was built (and disassembled) largely by blurring fiction with reality. No shock when the father of information theory was on the board.
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