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Folks, a) every town had a soda fountain, and a local favorite in 1880's. b) Every town has 3 social media apps, but smart college students in 1999. c) every town has 5 new LLM model companies, in 2023

Charles Munger is such a smart man in many ways, and it is sad to see his thinking get muddy in his old age. I am surprised he falls for 'Survivorship Bias` in his own thinking.



Yeah, also thinking that coca-cola behaved legally outside the US.




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