The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 5 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Andrew Marks: Amazon proves great founders trump static business models
“And so he sort of talks about the primacy of business model over management, but I think Amazon's a great example of the opposite because You could have never dreamed that if you owned Amazon when the story was about growing as a retailer, you could have never…”
Andrew Marks: Buffett avoided tech moats because they were outside his comfort zone
“I mean, one critique you could make of Buffett is he just totally ignored technology, and technology not only became much more pervasive, but I also think that, I mean, he's an incredibly smart guy, and he understands lots of different elements of business, an…”
Andrew Marks: Venture capital is not an inefficient market
“First of all, I think you'd be hard pressed to say that venture is super inefficient. It's not a market where everyone can transact, and it's actually hard to get in the place where you can invest in seemingly great companies, but the competition to invest in …”
Andrew Marks: Corporate Durability Is Far Lower Today Than in 1950
“It was very possible for companies to be much more durable. Back then than it is today, in my opinion. I mean, if you transport yourself back to 1950 and you think about, well, how many businesses are there where I think I can say with high conviction that the…”
Andrew Marks: Consensus qualitative praise is dangerous without checking asset price
“It's very dangerous to just make qualitative judgments about a company that seemingly everyone has. Oh, this is a great company, whatever, and it'll just continue winning without also saying, well, to what extent is this reflected in the price? And so that's t…”