Former Robotics Manager at Amazon $AMZN via @StreamRG

"For 60-70 years of robotics, item pick has been the Holy Grail of robotics... [It] is becoming real. Amazon has their new system, Sparrow. If you read about it on the news, it's doing item pick."

aboutamazon.com/new/transporta… "The cross-dock [centers] receive pallets from suppliers... They break down pallets either into pallets of mixed boxes from mixed suppliers or they ship them as is bc they're high-velocity items or they take the boxes apart. Take the items apart. They mix and match.

A nice thing about focusing on companies with lots of long-term potential is there tends to be a much wider range of possible outcomes, and therefore, intrinsic values. That greater uncertainty causes greater stock price volatility as the market often extrapolates recent results. These companies are usually too hard for me to handicap but occasionally something seems more predictable. In those cases, sometimes the stock's greater volatility can set it fairly far below the low end of my valuation range.

I just turned 40. If I could visit my 25 year-old self and give him professional investment advice, this would be it: Focus *exclusively* on where companies might be in 10 or 20 years. Nothing else matters. Befriend those who think on that timeline. Only consider investing in companies that feel *inevitable* to you over that time frame, which should be very few companies. If you don't, you'll be more likely to lose faith at the wrong times and lose money regardless of whether you would have been right over the long term.