For Accredited Investors

1. Obvious prospects for physical growth in a business do not translate into obvious profits for investors. 
2. The experts do not have dependable ways of selecting and concentrating on the most promising companies in the most promising industries.

On January 3rd, 2009, a few months after the publication of the original whitepaper, the first lines of code were committed to the bitcoin blockchain by Satoshi Nakamoto. But Nakamoto vanished. No one has discovered who Satoshi was or is, though many have tried.

The initial idea of bitcoin...

“Mutual fund investors, too, have inflated ideas of their own omniscience. They pick funds based on the recent performance superiority of fund managers, or even their long-term superiority, and hire advisers to help them do the same thing. But, the advisers do it with eve...