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 7 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
Batnick: Jack Bogle Once Started an Unsuccessful Technical Analysis Fund
“It was in, ah, maybe Clash of the Culture is one of his books, where he spoke about, he started a fund based on technical analysis, and obviously, ah, it didn't do so well.”
Batnick: Charlie Munger's 1973-74 Losses Stemmed from Concentration, Not Mistakes
“He got crushed in the 73, 74 bear market like everybody else did. And I guess you can nitpick because he was so heavily concentrated in this company, blue chip stamps in particular, but you're right. He didn't make any mistakes. He, you know, he lost money whe…”
Batnick: Benjamin Graham beat the market by almost 2% annually
“Now, he did beat the market by almost two percent a year for a decent amount of time, so they were very good.”
Batnick: T-Bills Had a 50-Year Period of Negative Real Returns
“And if you don't like it by T-bills and if you know, and even that comes with a lot of pain, I think they went 50 years with negative real returns.”
Batnick: Chris Sacca Passed on Airbnb, Snapchat, and Dropbox
“But he actually said no to three of the best potential investing opportunities. I think it was Airbnb, Snapchat, and Dropbox. It's not like they came to him. He looked at them and said, nah, no, no, no.”