Giulio Gilardi

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Contrary to the expectations of Darwinism, evolution can be faster when measured over shorter periods and slower over longer periods. Björn Kurtén demonstrated this phenomenon in the evolution of the teeth of European brown bears. 2. High-quality businesses, too, seem to undergo many changes when measured over days or weeks or months but are much more stable when the period of measurement is years or decades.
What I Learned About Investing from Darwin
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