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The Compound and Friends cover image

Nvidia's AI Woodstock, Office RE crash, avoid equal-weighting Nick Colas and Jessica Rabe

The Compound and Friends

NOTE

Investing vs Gambling

When purchasing an asset based on its expected future cash flows at a higher multiple than what you project, it indicates a speculative approach and resembles gambling. True investing entails acquiring assets solely on the basis of their intrinsic value, not hoping for future price appreciation.

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