Jul 21, 2023Liked by Shinya Deguchi

Investing in companies and investing in managers sometime are the same as both decisions are capital allocation; Just think about investing in BRK, is it investing in companies or investing in manager? Should be the same if it is within a coherent framework

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Yes, I totally agree. And, at the end of day, as Dr Swensen emphasized many times, it’s about PEOPLE!

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