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 3 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
Bathgate: Escalating Moore's Law complexity favors horizontal semis over vertical integration
“The needs of Moore's law are just so difficult that like, it's hard enough to just do one of these things well and doing multiple of them well makes it makes it harder.”
Bathgate: Investors should avoid extractive moats reliant on price-hiking lock-in
“One of the things that we're careful about is like looking for companies where, you know, part of their moat is kind of you know, inserting themselves into the value chain or into their you know, their customers, you know, share of wallet basically, where they…”
Bathgate: TSMC keeps margins below its customers to prioritize long-term platform value
“TSMC has lower margins than most of their gross margins than most of their customers. And so at any point they could probably take the margins from 50% to 60% and say, Hey, I'm obviously have a monopoly in this market, but the way, you know, Morris Chang archi…”