Josh Wolfe @wolfejosh VC, entrepreneur, fund manager @Lux_Capital; Chair @CiPrep Coney Island Prep; Trustee @SfiScience Santa Fe Inst; CoFounder of Carson, Quinn & Bodhi w/ @ltwolfe Feb. 24, 2018 1 min read

1/ Buffett letter out. A few highlights
Though you know who did not blurb Ray Dalio’s book?...Buffett.

2/ Buffett invokes Rudyard Kipling “If” which we read to our kids nightly...

3/ Leverage and margin = danger.

4/ Prepared for the improbable [email protected] it NOT impactful.

5/ Debt = dependence on kindness of strangers. When capital is most needed is when it is most scarce—-and expensive.

6/ Price discipline.

You can follow @wolfejosh.


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