Dan Roller

Happy solstice everyone.

Happy winter solstice! It's all uphill from here.

@DiogoPrnt @GWInvestors Yield portfolio ~130-140mm transaction value; Development portfolio 50-60mm market value. With value hopefully continuing to grow. Book value is lower than transaction/market value.

I have seen different numbers on $CTT Correios de Portugal, regarding real estate assets, but in Q1 the value of the assets is presented as 134M. Ive seen in your letters mentioning 200M and even 250M. Where did you guys get that numbers? @GWInvestors @Dan_Roller

@PythiaR @JerryCap How to make it less counterintuitive: Pretend there are 100 doors. You pick one, and then Monty comes along and eliminates 98 other options. Do you switch? Basically, the question is do you stick with your pick of one door (out of 3, out of 100), or do you take the field?

@JerryCap I know the answer to Monty Hall is to switch but tbh I have no idea why and I’ve been shown the math lots of times. There’s a reason I stick to garbage truck investing.

What a genius!

36/50 Maxims for Thinking Analytically by Dan Levy (re the frameworks of Richard Zeckhauser - yes that Richard Zeckhauser that Charlie Munger adores) - easy to flip to any chapter and pick up a few ideas amazon.com/dp/173534088X

Pulitzer prize-winning The Swerve by Stephen Greenblatt 35/50 - pair with Anaximander and the other books I mentioned by Rovelli and David Deutsch. amazon.com/dp/0393343405

Okay, friends. 50 books in 50 days. Looking for something to read over upcoming breaks? Need gift ideas for yourself or others? Stay tuned. 0/50