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~60 % veřejných společností ničí hodnotu. Vyšší míra ztrát než špičkový rizikový kapitál? 👀
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"Only 2% of [public] companies [over the last century] were responsible for more than 90% of the aggregate net wealth creation." Long term public market investing = venture capital investing, whether you like it or not! HT @mjmauboussin
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