Building an ATM Empire
Acquiring Minds
00:00
The Lindy Effect: How Long Does an Industry Last?
Mitchell Sorkin: Warren Buffett used to find assets that were kind of on the downswing, but still had value left. He called this like, what the cigar butt, like one more puff on the cigar or finding something with some tobacco in it. So if a business has lasted 30 years, if it lasts another five years, then it's likely to last after that another 30 years. It's kind of like double whatever it's existed. To date is how long it will continue to. Mitchell: Is there anything that we didn't hit on that you want people to know about the ATM business? I'm happy to do tons of Zoom calls with people just giving out free
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