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.

clear all ✕

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

Opinion
Ferrari: Standalone companies like Evernote attract average talent on average
“So on average, a business like Evernote, no matter how charismatic, intelligent its leaders are, will attract somewhat Average talent.”
Luca Ferrari Nov 4, 2025 ▶ 19:03 The Playbook on Buying and Running Companies Forever · Invest Like The Best
Assertion Not checkable as stated
Ferrari: Evernote retention reached all-time highs despite 60% price hike
“Retention is at an all-time high, despite prices being higher, because now Evernote is substantially more, it varies by country, and, but it's probably an average, say, 60% more expensive, so it's substantially more expensive than before, but actually retentio…”
Luca Ferrari Nov 4, 2025 ▶ 35:29 The Playbook on Buying and Running Companies Forever · Invest Like The Best
Disclosure
Ferrari: Bending Spoons paid 50% over the next best bid for Evernote
“My guess is that we paid, like, 50% more than the next best offer, so it was really a win-win, which is the way I believe you should try to, any good strategy needs to be somewhat win-win, otherwise it will not go far.”
Luca Ferrari Nov 4, 2025 ▶ 32:18 The Playbook on Buying and Running Companies Forever · Invest Like The Best
Assertion Not checkable as stated
Ferrari: Evernote codebase rebuild reduced note sync times by up to 99%
“We rebuilt almost entirely the code base, the cloud infrastructure. There's almost nothing, at least nothing of the core components. It's now far higher performance. Notes sync up in less than 10% of the time. In some cases, one percent of the time.”
Luca Ferrari Nov 4, 2025 ▶ 34:45 The Playbook on Buying and Running Companies Forever · Invest Like The Best
Assertion Not checkable as stated
Ferrari: Bending Spoons shipped roughly 250 significant Evernote improvements in 2.5 years
“I think in two and a half years, we have released But not probably about 250 significant product improvements.”
Luca Ferrari Nov 4, 2025 ▶ 34:04 The Playbook on Buying and Running Companies Forever · Invest Like The Best
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