Facebook and Superlinear Risk Scaling

Plus! The Corner, Loans, Apple and China, Filecoin, Oil & Gas & Demographics, more...

Welcome to day three of the “Which FANMG Dies How?” series. The premise: if you look at the top companies by market cap in any given period, at least a few of them materially underperformed the market over the next ten years, sometimes losing most of their value. It would be odd if 2020 were the first exception.

The goal of this series is not to make…

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