Hey @pocketcasts - have you given any thought to making your app stable and usable on Android Automotive? I'm a long time subscriber but it's killing me how bad this version of your app is. Particularly when the iOS version is so good.

There are a lot of smart people out there looking to acquire traditional niche businesses. Take "boring" companies with an EBITDA of $1-3m. IMO there is one big problem… They have been doing too well their entire lives. They come from good families. All they have seen and experienced is victory. They have everything they want in life. They’ve got all the presents from Santa. They won at home, they won in kindergarten, they won in preschool, high school, and later in college. All they have done is win. They have rarely, if ever, made mistakes, and lost. Just look at the candidates for the top private equity and venture capital firms. Not much has gone wrong in their entire lives. But when it comes to building an investment firm – again, be it a portfolio of traditional businesses. First, you need a pipeline of these $1-3 million EBITDA companies; for that you need to be talking to founders, introducing yourself to brokers, you need talk to investors, raise funding – putting it all together to finally get the deal over the line. Later operate this same company or companies. What happens 99.98% of the time…lots can go wrong. Every week. You look or feel stupid. It's embarrassing. The problem with people who haven't lost or made mistakes before... they can't cognitively process that well. So what’s the reality then? Should they go do another job, back to the W2 world? I don't know whether management consulting has lots of failures, but those people seem really smart to me and seem to do well, maybe they should keep doing that job. They should go do things where if you work hard and are smart, you're going to either win a lot or win a little, but basically you're going to win every day. But a portfolio of traditional businesses should not be built unless they are prepared to experience a lot of mistakes and very, very hard days. The best deal makers, the best investors, the best serial acquirers, the best compounders, need to be able to tolerate the pain... because from time to time, they do.

Been using @tryPeony for a few weeks now - it’s a standout for the gated file sharing use case. Simple, beautifully designed, well priced versus competitors and genuinely useful. Highly recommend giving it a try.

Unsurprising how ANZAC day which was meant to be about the horrors of war has managed to morph into something of a celebration of it. Bit of a shame but the human lizard brain does tend to go this way once the memories fade a bit.

Loving everything the Permanent Equity team do

Yes, I guess once a theory is published, one no longer owns it. I profoundly disagree with all those who are claiming that my theory predicts a post-collapse golden age with #Crypto, as if it were a proper technological revolution. It simply isn't.

If I had to bet on whether Elon will pull through and Twitter ultimately succeeds, I’d probably still bet on the success case. Social networks are surprisingly durable. Still, there is a KNOWN playbook for how to take over a dysfunctional company and quickly turn it around. 🧵

Great to speak to @CFieldAssoc on what we're doing at @edventureco1 to help our clients address the skills crisis and some of the opportunities we're seeing

Guys... I think we've seen how this plays out. It's a good TV show: en.wikipedia.org/wiki/Occupi…

Not taking a risk is the biggest risk of all. It’s a new week - try something smart but risky that’s been in your back pocket you've been wanting to do. You’ll take a hit, or score a win. Avoiding risk, Avoids rewards.

Message from the Ukrainian tax office: “Have you captured a Russian tank or armored personnel carrier and are worried about how to declare it? Keep calm and continue to defend the Motherland! There is no need to declare [them as income].” en.interfax.com.ua/news/gene…

The best definition of risk is the Chinese symbol for crisis, which is a combination of symbols for danger and opportunity. In investing, opportunity without danger in investing is a mirage (or scam), and danger without opportunity is foolhardy. bit.ly/3rz5B4u

Source: Team analysis, expert interviews