I wish our float would keep growing at 10% ... - Tilson Funds
The seller of a $100,000 house in Omaha will never sell for $50,000. But if 100 entities each owned 1% of a basket of homes in Omaha, the price could be anywhere. You’re way more likely to get incredible prices in an auction market. The Importance of Math [When asked why math reflects reality, Munger said:] It’s just the way it is. ................
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