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I used to really dig following this guy. I read a lot of his blogposts and was awed by a lot of what I read, much of which I didn’t understand. Then I read this. It’s all wrong. And instead of admitting that, he just engaged in hand-waving. I don’t pretend to be a successfulhttps://twitter.com/LT3000Lyall/status/1240139848125734912 …
public equities investor, but I’m wise enough to know that one should embrace when they’re wrong. When the facts change so must your mind. Otherwise you get in trouble. Like Munger says: “a year where you don’t kill one of your treasured ideas is a year wasted”.
