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One error of omission on my part was not shorting robocalls weeks ago. It was obvious call volumes would drop due to the unavailability of call centers to handle people who return calls or "press 1" when called.

I was distracted by fears about humanity. prnewswire.com/news-releases/…
"The volume of robocalls nationwide has plunged as overseas call centers have closed for lockdowns and social distancing."

Robocall unit economics are terrible now since they can't convert their leads! This is a classic conversion rate problem.

latimes.com/business/story…
This reduction is robocall unit economics couldn't happen to a more deserving collection of septic tank scum. Robocallers are being hammered by COGS and CAC, so we've at least got that going for us, which is nice.

Robocalls are far from gone though.
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Tren Griffin
@trengriffin
"It was unsettling to hear Buffett repeatedly say 'I don’t know.'" Andrew Sorkin

news.google.com/articles/CAIiE…

It may be unsettling, but its often the truth even in normal times. That is "circle of competence" thinking.

What is unsettling to me are people who say they know and don't
"I get rid of people who always confidently answer questions about which they don't have any real knowledge. Nobody expects you to know everything about everything. When you don't know and you don't have any special competence, don't be afraid to say so." google.com/amp/s/www.cnbc…
"It's highly likely people who confidently think they know the consequences – none of whom predicted this – now they know what’s going to happen next? Again, the witch doctors. You ask me what’s going to happen? Hell, I don’t know what’s going to happen." google.com/amp/s/www.forb…
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Tren Griffin
@trengriffin
1/ Warren Buffett yesterday: "I hate what not having this meeting has done to many of the businesses in Omaha. If you buy any books I recommend The Bookworm in Omaha."

The meeting "was effectively canceled, dealing a huge blow to Omaha’s economy.'

wsj.com/articles/coron…
2/ "Through Monday May 4 The Bookworm buyers will receive a 20% discount on books selected by Mr. Buffett.

Shop in-store, by phone, or online."

"<Charlie Munger's Pick> The Club: Johnson, Boswell, and the Friends Who Shaped an Age by Leo Damrosch." bookwormomaha.com
3/ That my book was selected by Warren Buffett as one of three books on Charlie Munger is an honor. bookwormomaha.com/about-charlie-…

I received a royalty check for my books last Friday and that will be 100% donated to hunger related charities like Northwest Harvest and No Kid Hungry.
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Tren Griffin
@trengriffin
1/ Great teachers tell great stories. Buffett yesterday at the BRK meeting was an example of great teaching. After he said:

"There are times when money almost stops. And we had one of those, interestingly enough. We had it, of course, in 2008 and ’09."

Buffett said this:
2/ Buffett went on to explain a complex topic in an understandable way with a story. Be sure to click on the picture to read the entire story. This was a pivotal moment in history and the Fed had to act immediately.. Buffett said Powell belongs in the Fed hall of fame.
3/ This is what a you say if you love your country:

"This is a very good time to borrow money, which means it may not be such a great time to lend money, but it’s good for the country that it’s a good time to borrow money. This is not good for Berkshire particularly." Buffett
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