“Just as reproductive sex amplifies genes and their expressed traits, perpetuating the iterative cycle of life, shopping and purchasing are the acts required for innovations to capture resources and reproduce the flow of an innovation’s expressed capability. This economic process… — Nick Gogerty Copy Share Image
“Bejan’s theory has three tenets: Life is flow: All flow systems are live systems, the animate and the inanimate. Design generation and evolution is… — Nick Gogerty Copy Share Image
“Price mostly meanders around recent price until a big shift in opinion occurs, causing price to jump up or down. This is crudely modeled by quants using something called a jump-diffusion process model. Again, what does this have to do with an asset’s true intrinsic value? Not much. Fortunately, the value-focused investor doesn’t have to worry about these statistical methods… — Nick Gogerty Copy Share
“However, the typical representation of an investor is someone who mostly looks at prices when planning his or her actions; price-only investors tend to underperform value investors. Effective investors, on the other hand, think like businesspeople, allocating capital within the firm to projects with high expected returns. Allocators—individuals making calculated capital allocations to projects or firms—play a vital role in… — Nick Gogerty Copy Share
“Just as energy gradients are seen as the driver of the ecological system, perceived value gradients can be seen as the driver of the… — Nick Gogerty Copy Share Image
“It has been pointed out by Boltzmann that the fundamental object of contention in the life-struggle, in the evolution of the organic world, is… — Nick Gogerty Copy Share Image
“Just as reproductive sex amplifies genes and their expressed traits, perpetuating the iterative cycle of life, shopping and purchasing are the acts required for… — Nick Gogerty Copy Share Image
“Full-scale river systems mature the same way, carving out large, varying paths over thousands of years. Geologically young rivers flow straight and fast, whereas… — Nick Gogerty Copy Share Image
