"Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases." - Warren Buffet
Saturday, January 18, 2025
Change
It seems like living in the past is dangerous even if they say history rhymes. It's fascinating how things change, but it seems that change itself is changing. The dominant companies are now even more dominant and have gotten there in only since the 2010's.
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