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Ep 366. Microsoft + Netflix, Advice for New Investors, Buffett/Munger, and Testing Bargaining Power

Focused Compounding

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Is Murger Arbitrage a Bad Thing?

Maan: Most bankers, in most things that they're trying to do, are actually trying not to make loans on which they have an expected loss on that specific loan at all. You get no positive reinforcement, or very little positive reinforcement, with a murge robert targed be jus. I need that positive reinforcee, because i o want a good job. It just, it goes as expected. So you look at the end of the year at your portfolio, at how it did, and you go, oh, this is a really good outcome. But you never, throughout the year, get the ugoye, i thought it was going tobe a 30

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