“If a man empties his purse into his head, no man can take it away from him. An investment in knowledge always pays the best interest.” - Ben Franklin

Texas Pacific Land Trust - A Compounding Capital Case Study

Texas Pacific Land Trust is a land trust company which was formed in the late 1800's after the bankruptcy of its parent company, a former...

Circle of Competence Issue #99

Texas Pacific Land Trust, Charlie Munger at The Daily Journal Annual Meeting, preparing for a recession, the case against REITs, Peter Thiel

Circle of Competence Issue #98

Tesla: Bears, Bulls, and Spectators, real estate links, economic concentration, lessons of history, SpacEx spinning of Starlink in IPO, cost

Circle of Competence Issue #97

Unit economics, Tesla's valuation, private equity companies are trading companies faster, silicon valley vs. private equity, Deepmind st

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