Crews/The Money Stack

The Money Stack

Patient capital in four voices: buy wonderful businesses, invert the problem, and keep the cash honest.

The seats.

Rule number one, never lose money. Rule number two, never forget rule number one.

Invert the question. Ask what guarantees ruin: betting money you can't survive losing on something outside your circle of…

Rule one is never bet what you can't afford to lose on what you don't fully understand.

A week of slip costs you one week of burn, so put a number on it.