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6min chapter
This Is What the Bottom Sounds Like
The Compound and Friends
What's the Predictable Outcome?
There's nothing that's happening in any of these markets that is unpredictable. The commodity market, its a classic capital cycle thing. If you don't have the right traits to survive in the environment, you die. But then at the environment changes, the guys who survive die. And i thn t's just wa's happening right now. Yes, it's the obvious thing, but it's highly a really good example of somebody who refused to play the game and was able to vive on reputation.
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