The Market Ticker - Ocean Blub
This is an utterly-amazing little one-minute piece….
“There are other sub operators out there but they’re typically ex-military sub guys who are 50 year old white guys (and that’s not inspirational.)”
Oh really? You mean the dudes who have a history of, well, setting sail and coming back to set foot on dry land? Except when shot or blown up, of course, which does happen when you go to war.
Setting acceptable margins of safety is nothing new; indeed we all do it every day although very few of us admit to it. There’s a roughly 1 in 8,000 risk you will die in a car wreck (no, its not an “accident” 99% of the time; “accident” implies nobody did anything…….
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Source: https://market-ticker.org/akcs-www?post=249102
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