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Investing 101: Risk by Chamath Palihapitiya [Twitter thread]
- ilia_lotov 6y agoInvesting 101: Markets go up and markets go down but how investors ascribe value to businesses rarely change that much in the end: Capital light >>> Capital heavy Product moat >>> Capital moat Network effects >>> Marketplaces >>> Everything else https://twitter.com/chamath/status/1310736308189294592 https://twitter.com/chamath/status/1310736308189294592